Oregon Public Employees Retirement Fund raised its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,868 shares of the technology company’s stock after buying an additional 1,469 shares during the quarter. Oregon Public Employees Retirement Fund owned 0.06% of Arrow Electronics worth $3,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ARW. Daiwa Securities Group Inc. lifted its position in shares of Arrow Electronics by 28.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,150 shares of the technology company’s stock valued at $243,000 after buying an additional 700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Arrow Electronics by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,806 shares of the technology company’s stock worth $20,857,000 after purchasing an additional 2,181 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Arrow Electronics by 10.0% during the 1st quarter. Victory Capital Management Inc. now owns 211,790 shares of the technology company’s stock worth $16,312,000 after purchasing an additional 19,246 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in Arrow Electronics by 39.5% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 5,171 shares of the technology company’s stock worth $398,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Arrow Electronics by 6.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 55,899 shares of the technology company’s stock valued at $4,305,000 after acquiring an additional 3,280 shares in the last quarter. 92.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ARW traded up $0.75 on Friday, reaching $77.04. The stock had a trading volume of 343,162 shares, compared to its average volume of 400,702. The stock has a market cap of $6.59 billion, a PE ratio of 10.19, a PEG ratio of 0.90 and a beta of 1.12. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.71. Arrow Electronics, Inc. has a 12-month low of $72.31 and a 12-month high of $87.26.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, August 2nd. The technology company reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.05. The company had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Arrow Electronics had a return on equity of 14.81% and a net margin of 1.72%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. equities analysts anticipate that Arrow Electronics, Inc. will post 8.88 EPS for the current year.

In other Arrow Electronics news, insider Vincent P. Melvin sold 2,000 shares of Arrow Electronics stock in a transaction on Monday, August 20th. The stock was sold at an average price of $78.10, for a total transaction of $156,200.00. Following the completion of the transaction, the insider now owns 16,371 shares in the company, valued at $1,278,575.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gretchen Zech sold 4,500 shares of Arrow Electronics stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $77.00, for a total value of $346,500.00. Following the completion of the sale, the senior vice president now directly owns 21,814 shares of the company’s stock, valued at approximately $1,679,678. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Several research firms have weighed in on ARW. Zacks Investment Research raised Arrow Electronics from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Monday, June 18th. Wells Fargo & Co assumed coverage on Arrow Electronics in a research report on Tuesday, July 17th. They set an “outperform” rating and a $90.00 price objective on the stock. ValuEngine lowered Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Finally, Pivotal Research set a $98.00 price objective on Arrow Electronics and gave the company a “buy” rating in a research report on Monday, May 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $88.17.

Arrow Electronics Company Profile

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.

Featured Article: Penny Stocks, Risk and Reward Factors

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

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