State Treasurer State of Michigan reduced its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,662 shares of the technology company’s stock after selling 1,500 shares during the period. State Treasurer State of Michigan’s holdings in Arrow Electronics were worth $2,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Boston Partners raised its stake in Arrow Electronics by 0.7% during the third quarter. Boston Partners now owns 5,921,683 shares of the technology company’s stock worth $476,163,000 after purchasing an additional 41,711 shares during the period. Longview Partners Guernsey LTD raised its stake in Arrow Electronics by 5.1% during the third quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after purchasing an additional 143,540 shares during the period. LSV Asset Management raised its stake in Arrow Electronics by 0.9% during the fourth quarter. LSV Asset Management now owns 2,264,525 shares of the technology company’s stock worth $182,090,000 after purchasing an additional 19,185 shares during the period. Prudential Financial Inc. raised its stake in Arrow Electronics by 76.5% during the third quarter. Prudential Financial Inc. now owns 821,136 shares of the technology company’s stock worth $66,027,000 after purchasing an additional 355,903 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Arrow Electronics by 1.2% during the third quarter. Allianz Asset Management GmbH now owns 760,498 shares of the technology company’s stock worth $61,152,000 after purchasing an additional 9,199 shares during the period. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Arrow Electronics news, insider Sean J. Kerins sold 3,816 shares of Arrow Electronics stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total transaction of $300,967.92. Following the completion of the sale, the insider now directly owns 25,552 shares in the company, valued at $2,015,286.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matthew R. Anderson sold 1,416 shares of Arrow Electronics stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $79.00, for a total transaction of $111,864.00. Following the sale, the senior vice president now owns 1,416 shares of the company’s stock, valued at $111,864. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Separately, Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd.

Arrow Electronics, Inc. (NYSE ARW) opened at $76.09 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.56. Arrow Electronics, Inc. has a 52 week low of $69.67 and a 52 week high of $87.26. The company has a market cap of $6,673.85, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Tuesday, February 6th. The technology company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.21. Arrow Electronics had a net margin of 1.50% and a return on equity of 14.12%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.46 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. Arrow Electronics’s quarterly revenue was up 18.5% compared to the same quarter last year. equities analysts predict that Arrow Electronics, Inc. will post 8.47 EPS for the current fiscal year.

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Arrow Electronics 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.

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

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