Louisiana State Employees Retirement System Makes New $1.86 Million Investment in Arrow Electronics, Inc. (NYSE:ARW)

Louisiana State Employees Retirement System purchased a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 4th quarter, HoldingsChannel reports. The firm purchased 15,200 shares of the technology company’s stock, valued at approximately $1,858,000.

Several other large investors also recently bought and sold shares of the stock. Vinva Investment Management Ltd increased its holdings in Arrow Electronics by 4.7% during the 3rd quarter. Vinva Investment Management Ltd now owns 1,888 shares of the technology company’s stock worth $243,000 after purchasing an additional 85 shares during the period. Gladius Capital Management LP increased its holdings in Arrow Electronics by 27.1% during the 3rd quarter. Gladius Capital Management LP now owns 441 shares of the technology company’s stock worth $55,000 after purchasing an additional 94 shares during the period. IFP Advisors Inc increased its holdings in Arrow Electronics by 33.0% during the 3rd quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. Wetherby Asset Management Inc. increased its holdings in Arrow Electronics by 3.5% during the 1st quarter. Wetherby Asset Management Inc. now owns 3,021 shares of the technology company’s stock worth $358,000 after purchasing an additional 101 shares during the period. Finally, Nilsine Partners LLC increased its holdings in Arrow Electronics by 2.3% during the 3rd quarter. Nilsine Partners LLC now owns 4,861 shares of the technology company’s stock worth $609,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Activity at Arrow Electronics

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

Arrow Electronics Trading Up 0.1 %

NYSE:ARW opened at $122.04 on Friday. The stock has a 50-day simple moving average of $121.06 and a 200-day simple moving average of $119.10. The stock has a market cap of $6.59 billion, a P/E ratio of 7.73 and a beta of 1.41. 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 0.37, a quick ratio of 1.00 and a current ratio of 1.39.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.26. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.69 EPS. As a group, analysts anticipate that Arrow Electronics, Inc. will post 11.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Truist Financial lowered their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a research report on Friday, February 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.