Illinois Municipal Retirement Fund Has $3.50 Million Stock Position in Arrow Electronics, Inc. (NYSE:ARW)

Illinois Municipal Retirement Fund lifted its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,713 shares of the technology company's stock after purchasing an additional 7,189 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Arrow Electronics worth $3,500,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Arrow Electronics in the first quarter valued at $356,000. Charles Schwab Investment Management Inc. raised its holdings in Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company's stock valued at $56,436,000 after acquiring an additional 14,971 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Arrow Electronics by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 20,669 shares of the technology company's stock valued at $2,338,000 after acquiring an additional 192 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Arrow Electronics in the first quarter valued at $120,000. Finally, Wellington Management Group LLP raised its holdings in Arrow Electronics by 4.3% in the fourth quarter. Wellington Management Group LLP now owns 4,100 shares of the technology company's stock valued at $464,000 after acquiring an additional 168 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the sale, the senior vice president now directly owns 17,057 shares of the company's stock, valued at approximately $2,125,984.48. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $606,075.28. Following the completion of the sale, the insider now directly owns 43,895 shares of the company's stock, valued at $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,070 shares of company stock valued at $1,116,062. 1.00% of the stock is owned by insiders.

Arrow Electronics Stock Performance

ARW stock traded down $1.00 during trading on Friday, hitting $127.28. 561,875 shares of the company's stock traded hands, compared to its average volume of 487,691. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.39. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80. The stock has a fifty day moving average price of $119.16 and a two-hundred day moving average price of $112.69. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 0.63 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.47 by $0.33. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 earnings per share. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America upped their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, June 9th.

Arrow Electronics Profile

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.