Teacher Retirement System of Texas Acquires 4,116 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Teacher Retirement System of Texas grew its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 66,224 shares of the technology company’s stock after purchasing an additional 4,116 shares during the period. Teacher Retirement System of Texas’ holdings in Arrow Electronics were worth $7,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Arrow Electronics during the 4th quarter valued at $25,000. True Wealth Design LLC bought a new position in shares of Arrow Electronics during the 3rd quarter valued at $31,000. Brooklyn Investment Group bought a new position in shares of Arrow Electronics during the 3rd quarter valued at $40,000. Principal Securities Inc. raised its holdings in shares of Arrow Electronics by 35.7% during the 4th quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock valued at $54,000 after purchasing an additional 126 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW opened at $104.24 on Friday. The company has a market capitalization of $5.44 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a one year low of $101.78 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The company’s fifty day moving average price is $110.71 and its 200 day moving average price is $119.07.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. As a group, analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.25.

Insider Buying and Selling

In other Arrow Electronics news, CAO Yun Sung Cho sold 237 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. This trade represents a 10.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William F. Austen purchased 1,900 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

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.