California State Teachers Retirement System Has $5.60 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

California State Teachers Retirement System trimmed its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,504 shares of the technology company's stock after selling 2,310 shares during the period. California State Teachers Retirement System owned approximately 0.09% of Arrow Electronics worth $5,600,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new stake in Arrow Electronics during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. bought a new stake in Arrow Electronics during the fourth quarter worth about $31,000. New Age Alpha Advisors LLC bought a new stake in Arrow Electronics during the fourth quarter worth about $47,000. Principal Securities Inc. raised its holdings in Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company's stock worth $54,000 after acquiring an additional 126 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in Arrow Electronics during the fourth quarter worth about $55,000. 99.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARW. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th.

Insider Activity

In other Arrow Electronics news, Director Gail Hamilton sold 1,458 shares of Arrow Electronics stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the sale, the director now owns 101 shares in the company, valued at $12,361.39. The trade was a 93.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Austen purchased 1,900 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the transaction, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This represents a 31.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.80% of the stock is owned by company insiders.

Arrow Electronics Stock Performance

NYSE ARW traded up $1.30 during trading on Friday, reaching $122.06. 418,860 shares of the company's stock were exchanged, compared to its average volume of 494,667. The business has a 50 day moving average price of $111.07 and a 200-day moving average price of $112.25. The stock has a market capitalization of $6.33 billion, a P/E ratio of 16.77, a PEG ratio of 0.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.33. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 earnings per share. Sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.