Principal Financial Group Inc. boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,919 shares of the technology company’s stock after acquiring an additional 58,345 shares during the period. Principal Financial Group Inc. owned 0.70% of Arrow Electronics worth $47,284,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ARW. Schwab Charles Investment Management Inc. grew its stake in Arrow Electronics by 4.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 385,491 shares of the technology company’s stock worth $30,998,000 after buying an additional 17,134 shares in the last quarter. Victory Capital Management Inc. grew its stake in Arrow Electronics by 14.5% in the 4th quarter. Victory Capital Management Inc. now owns 192,544 shares of the technology company’s stock worth $15,482,000 after buying an additional 24,377 shares in the last quarter. US Bancorp DE grew its stake in Arrow Electronics by 14.1% in the 4th quarter. US Bancorp DE now owns 10,164 shares of the technology company’s stock worth $816,000 after buying an additional 1,256 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Arrow Electronics by 169.8% in the 4th quarter. Teacher Retirement System of Texas now owns 70,841 shares of the technology company’s stock worth $5,696,000 after buying an additional 44,586 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Arrow Electronics by 1.4% in the 4th quarter. California Public Employees Retirement System now owns 290,310 shares of the technology company’s stock worth $23,344,000 after buying an additional 4,050 shares in the last quarter. 92.75% of the stock is owned by institutional investors.

In other news, SVP Matthew R. Anderson sold 1,785 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $74.16, for a total value of $132,375.60. Following the completion of the sale, the senior vice president now directly owns 13,050 shares in the company, valued at approximately $967,788. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Shares of ARW opened at $78.33 on Wednesday. The company has a market capitalization of $6.85 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.69 and a quick ratio of 1.18. Arrow Electronics, Inc. has a fifty-two week low of $72.31 and a fifty-two week high of $87.26.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $1.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.06. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.66 billion. Arrow Electronics had a net margin of 1.53% and a return on equity of 14.41%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. equities research analysts expect that Arrow Electronics, Inc. will post 8.78 earnings per share for the current year.

A number of research firms have commented on ARW. Pivotal Research set a $98.00 price target on shares of Arrow Electronics and gave the stock a “buy” rating in a research note on Monday, May 28th. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Monday, May 21st. Deutsche Bank lowered their price objective on shares of Arrow Electronics from $81.00 to $77.00 and set a “hold” rating for the company in a report on Friday, May 4th. Stifel Nicolaus lowered their price objective on shares of Arrow Electronics from $92.00 to $85.00 and set a “buy” rating for the company in a report on Friday, May 4th. Finally, ValuEngine lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Arrow Electronics currently has an average rating of “Hold” and an average target price of $87.40.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

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

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