Retirement Systems of Alabama lessened its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 113,881 shares of the technology company’s stock after selling 651 shares during the quarter. Retirement Systems of Alabama owned about 0.13% of Arrow Electronics worth $9,157,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after acquiring an additional 164,059 shares during the period. Boston Partners boosted its position in Arrow Electronics by 0.7% during the 3rd quarter. Boston Partners now owns 5,921,683 shares of the technology company’s stock worth $476,163,000 after acquiring an additional 41,711 shares during the period. Dimensional Fund Advisors LP boosted its position in Arrow Electronics by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after acquiring an additional 18,653 shares during the period. Longview Partners Guernsey LTD boosted its position in Arrow Electronics by 5.1% during the 3rd quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after acquiring an additional 143,540 shares during the period. Finally, LSV Asset Management boosted its position in Arrow Electronics by 13.1% during the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after acquiring an additional 248,373 shares during the period. Institutional investors own 93.13% of the company’s stock.

Shares of Arrow Electronics, Inc. (NYSE:ARW) opened at $77.63 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6,829.34, a price-to-earnings ratio of 11.00, a PEG ratio of 0.92 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $65.51 and a twelve month high of $84.53.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. analysts forecast that Arrow Electronics, Inc. will post 7.35 EPS for the current year.

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In other news, insider Sean J. Kerins sold 4,477 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $77.16, for a total value of $345,445.32. Following the completion of the sale, the insider now owns 26,213 shares in the company, valued at $2,022,595.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $79.00, for a total value of $111,864.00. Following the completion of the sale, the senior vice president now owns 1,416 shares of the company’s stock, valued at approximately $111,864. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,693 shares of company stock valued at $833,293. Insiders own 1.20% of the company’s stock.

ARW has been the subject of a number of analyst reports. Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, September 11th. BidaskClub lowered Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $81.00 price target (up previously from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $83.25.

About Arrow Electronics

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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