Teacher Retirement System of Texas bought a new position in Arrow Electronics, Inc. (NYSE:ARW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,255 shares of the technology company’s stock, valued at approximately $2,111,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Advisor Partners LLC raised its holdings in shares of Arrow Electronics by 2.6% in the 2nd quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock worth $220,000 after purchasing an additional 71 shares in the last quarter. Breton Hill Capital Ltd. raised its holdings in shares of Arrow Electronics by 2.6% in the 2nd quarter. Breton Hill Capital Ltd. now owns 3,900 shares of the technology company’s stock worth $306,000 after purchasing an additional 100 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Arrow Electronics by 2.9% in the 2nd quarter. Synovus Financial Corp now owns 4,541 shares of the technology company’s stock worth $353,000 after purchasing an additional 126 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Arrow Electronics by 2.1% in the 2nd quarter. M&T Bank Corp now owns 6,471 shares of the technology company’s stock worth $507,000 after purchasing an additional 136 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its holdings in shares of Arrow Electronics by 0.7% in the 2nd quarter. Aviance Capital Partners LLC now owns 22,016 shares of the technology company’s stock worth $1,726,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

In other Arrow Electronics news, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction that occurred 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 directly owns 1,416 shares of the company’s stock, valued at $111,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sean J. Kerins sold 4,477 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $77.16, for a total transaction of $345,445.32. Following the completion of the sale, the insider now directly owns 26,213 shares of the company’s stock, valued at $2,022,595.08. The disclosure for this sale can be found here. Insiders sold 10,693 shares of company stock valued at $833,293 over the last three months. Insiders own 1.20% of the company’s stock.

Shares of Arrow Electronics, Inc. (NYSE:ARW) opened at $78.55 on Tuesday. Arrow Electronics, Inc. has a 1-year low of $65.79 and a 1-year high of $84.53. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6,829.34, a P/E ratio of 11.00, a PEG ratio of 0.92 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last released 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 firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS. analysts forecast that Arrow Electronics, Inc. will post 7.35 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Teacher Retirement System of Texas Takes Position in Arrow Electronics, Inc. (ARW)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/21/teacher-retirement-system-of-texas-takes-position-in-arrow-electronics-inc-arw.html.

A number of research firms recently commented on ARW. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $81.00 target price (up from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Arrow Electronics has a consensus rating of “Hold” and a consensus price target of $83.25.

Arrow Electronics Company Profile

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.

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

Receive News & Stock Ratings for Arrow Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics Inc. and related stocks with our FREE daily email newsletter.