Virginia Retirement Systems ET AL purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW) in the third quarter, according to its most recent filing with the SEC. The firm purchased 33,000 shares of the technology company’s stock, valued at approximately $2,654,000.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of Arrow Electronics by 489.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,170 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Arrow Electronics by 76.1% during the 3rd quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after purchasing an additional 786 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $201,000. Advisor Partners LLC increased its stake in shares of Arrow Electronics by 2.6% during 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. Finally, Timber Hill LLC purchased a new position in shares of Arrow Electronics during the 2nd quarter worth approximately $234,000. Institutional investors own 91.74% of the company’s stock.

A number of research analysts have recently weighed in on ARW shares. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Monday, September 11th. BidaskClub cut shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Deutsche Bank reissued a “hold” rating and set a $81.00 price objective (up from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $83.25.

Arrow Electronics, Inc. (ARW) opened at $79.20 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. Arrow Electronics, Inc. has a 12 month low of $67.78 and a 12 month high of $84.53. The firm has a market cap of $6,967.46, a P/E ratio of 11.22, a PEG ratio of 0.94 and a beta of 1.18.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. The firm had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. Arrow Electronics’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. research analysts predict that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.

In other Arrow Electronics news, insider Sean J. Kerins sold 3,816 shares of Arrow Electronics stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total value of $300,967.92. Following the completion of the sale, the insider now directly owns 25,552 shares of the company’s stock, valued at approximately $2,015,286.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $78.33, for a total transaction of $375,984.00. Following the completion of the sale, the director now directly owns 91 shares of the company’s stock, valued at $7,128.03. The disclosure for this sale can be found here. Insiders sold a total of 10,032 shares of company stock valued at $788,816 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

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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.

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

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