Teacher Retirement System of Texas Sells 23,686 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Teacher Retirement System of Texas lessened its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,018 shares of the technology company's stock after selling 23,686 shares during the period. Teacher Retirement System of Texas' holdings in Arrow Electronics were worth $1,836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARW. Principal Securities Inc. bought a new position in shares of Arrow Electronics in the 4th quarter valued at about $56,000. GAMMA Investing LLC bought a new stake in shares of Arrow Electronics during the 4th quarter worth about $58,000. Private Advisor Group LLC bought a new stake in shares of Arrow Electronics during the 4th quarter worth about $204,000. Versor Investments LP bought a new stake in shares of Arrow Electronics during the 4th quarter worth about $223,000. Finally, Riverwater Partners LLC boosted its holdings in shares of Arrow Electronics by 18.1% during the 4th quarter. Riverwater Partners LLC now owns 1,946 shares of the technology company's stock worth $238,000 after buying an additional 298 shares during the period. Institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on shares of Arrow Electronics from $128.00 to $124.00 and set a "hold" rating for the company in a report on Friday, February 9th.

Insiders Place Their Bets

In other news, CAO Yun Sung Cho sold 739 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Yun Sung Cho sold 739 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the transaction, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard John Marano sold 1,900 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the transaction, the insider now owns 12,108 shares of the company's stock, valued at $1,410,097.68. The disclosure for this sale can be found here. Insiders sold 4,134 shares of company stock worth $488,795 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Arrow Electronics Stock Performance

Arrow Electronics stock traded up $1.76 during midday trading on Friday, hitting $131.53. The company's stock had a trading volume of 432,753 shares, compared to its average volume of 462,061. Arrow Electronics, Inc. has a 1-year low of $108.51 and a 1-year high of $147.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.07. The company has a 50-day moving average price of $125.61 and a two-hundred day moving average price of $120.68. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 10.34 and a beta of 1.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.04. Arrow Electronics had a net margin of 2.28% and a return on equity of 14.61%. The business had revenue of $6.92 billion during the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter in the previous year, the company earned $4.60 EPS. The business's revenue was down 20.7% on a year-over-year basis. As a group, sell-side analysts predict that Arrow Electronics, Inc. will post 10.56 earnings per share for the current 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.