Retirement Systems of Alabama lessened its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,831 shares of the technology company’s stock after selling 1,670 shares during the quarter. Retirement Systems of Alabama owned 0.13% of Arrow Electronics worth $8,292,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of Arrow Electronics by 32.0% in the 4th quarter. Russell Investments Group Ltd. now owns 90,053 shares of the technology company’s stock worth $11,010,000 after purchasing an additional 21,827 shares during the last quarter. AMH Equity Ltd acquired a new stake in Arrow Electronics during the fourth quarter valued at approximately $3,668,000. Two Point Capital Management Inc. lifted its holdings in Arrow Electronics by 8.2% during the 4th quarter. Two Point Capital Management Inc. now owns 21,269 shares of the technology company’s stock worth $2,600,000 after buying an additional 1,607 shares during the last quarter. Alaska Permanent Fund Corp grew its position in shares of Arrow Electronics by 3.6% in the 4th quarter. Alaska Permanent Fund Corp now owns 18,033 shares of the technology company’s stock worth $2,205,000 after acquiring an additional 633 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of Arrow Electronics by 3.6% in the 4th quarter. South Dakota Investment Council now owns 77,256 shares of the technology company’s stock valued at $9,445,000 after acquiring an additional 2,700 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Arrow Electronics Price Performance
ARW opened at $124.75 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $123.70 and its 200 day moving average price is $119.56. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 7.90 and a beta of 1.39. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $147.42.
Insiders Place Their Bets
In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total transaction of $86,625.58. Following the transaction, the chief accounting officer now owns 1,389 shares of the company’s stock, valued at approximately $162,818.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arrow Electronics news, CAO Yun Sung Cho sold 739 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the completion of the sale, the senior vice president now directly owns 15,271 shares in the company, valued at approximately $1,847,791. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,134 shares of company stock worth $488,795. 1.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Truist Financial reduced their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research note on Friday, February 9th.
View Our Latest Report on Arrow Electronics
Arrow Electronics Company 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.
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