New York State Teachers Retirement System lowered its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 18.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,971 shares of the technology company's stock after selling 9,800 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Arrow Electronics worth $4,566,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ARW. FMR LLC lifted its stake in Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after buying an additional 908,185 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Arrow Electronics by 163.7% during the 4th quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock worth $133,089,000 after purchasing an additional 730,408 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of Arrow Electronics by 44.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after purchasing an additional 473,909 shares during the period. Boston Partners lifted its position in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after buying an additional 318,329 shares during the period. Finally, GAMMA Investing LLC lifted its position in Arrow Electronics by 31,181.6% during the first quarter. GAMMA Investing LLC now owns 269,647 shares of the technology company's stock worth $279,970,000 after buying an additional 268,785 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.
Arrow Electronics Trading Up 1.5%
Shares of ARW traded up $1.90 during mid-day trading on Tuesday, reaching $132.11. The company had a trading volume of 507,447 shares, compared to its average volume of 487,015. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The firm has a fifty day simple moving average of $121.80 and a 200-day simple moving average of $113.19. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39.
Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.33. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. Arrow Electronics had a return on equity of 8.97% and a net margin of 1.40%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $2.41 EPS. On average, sell-side analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.
Insider Transactions at Arrow Electronics
In related news, insider Eric Nowak sold 4,952 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the transaction, the insider owned 43,895 shares in the company, valued at approximately $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction on Wednesday, June 11th. The stock was 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 directly owned 17,057 shares of the company's stock, valued at $2,125,984.48. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,070 shares of company stock worth $1,116,062. 0.80% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Bank of America lifted their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, June 9th.
Check Out Our Latest Stock Analysis on ARW
About Arrow Electronics
(
Free Report)
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.
See Also
Before you consider Arrow Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arrow Electronics wasn't on the list.
While Arrow Electronics currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
