Public Employees Retirement System of Ohio Takes $2.35 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Public Employees Retirement System of Ohio purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,783 shares of the technology company's stock, valued at approximately $2,351,000.

A number of other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Arrow Electronics by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock valued at $331,493,000 after purchasing an additional 91,310 shares in the last quarter. Boston Partners increased its holdings in shares of Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after acquiring an additional 318,329 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in shares of Arrow Electronics by 44.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after acquiring an additional 473,909 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Arrow Electronics by 5.5% in the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after acquiring an additional 77,396 shares during the last quarter. Finally, Lyrical Asset Management LP increased its holdings in shares of Arrow Electronics by 0.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock valued at $164,576,000 after acquiring an additional 9,670 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Performance

NYSE:ARW traded down $0.19 during mid-day trading on Wednesday, reaching $120.12. 436,855 shares of the stock were exchanged, compared to its average volume of 493,855. The company has a 50 day simple moving average of $110.36 and a 200-day simple moving average of $112.15. The stock has a market capitalization of $6.23 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.52 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) 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 firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 EPS. Analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ARW has been the topic of a number of recent analyst reports. Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th.

Insider Buying and Selling at Arrow Electronics

In related news, Director William F. Austen bought 1,900 shares of the stock in a transaction 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 purchase, the director now owns 7,858 shares of the company's stock, valued at $818,174.96. This trade represents a 31.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gail Hamilton sold 1,458 shares of Arrow Electronics 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 $178,444.62. Following the completion of the transaction, the director now owns 101 shares in the company, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

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.