California State Teachers Retirement System trimmed its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,227 shares of the technology company’s stock after selling 18,262 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Arrow Electronics worth $13,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Arrow Electronics by 2.2% during the second quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after buying an additional 164,059 shares during the period. Boston Partners raised its position in Arrow Electronics by 0.3% during the second quarter. Boston Partners now owns 5,879,972 shares of the technology company’s stock valued at $461,107,000 after buying an additional 15,047 shares during the period. Dimensional Fund Advisors LP raised its position in Arrow Electronics by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock valued at $268,476,000 after buying an additional 18,653 shares during the period. State Street Corp raised its position in Arrow Electronics by 0.9% during the first quarter. State Street Corp now owns 3,186,798 shares of the technology company’s stock valued at $233,938,000 after buying an additional 27,200 shares during the period. Finally, Longview Partners Guernsey LTD raised its position in Arrow Electronics by 4.3% during the second quarter. Longview Partners Guernsey LTD now owns 2,792,564 shares of the technology company’s stock valued at $218,993,000 after buying an additional 116,338 shares during the period. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics, Inc. (NYSE ARW) opened at 82.68 on Friday. The firm has a 50-day moving average price of $80.54 and a 200-day moving average price of $77.43. The stock has a market cap of $7.30 billion, a P/E ratio of 15.12 and a beta of 1.15. Arrow Electronics, Inc. has a 52 week low of $58.51 and a 52 week high of $84.53.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.01. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The firm had revenue of $6.47 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter last year, the business posted $1.65 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Arrow Electronics, Inc. will post $7.33 EPS for the current year.

ARW has been the topic of a number of recent research reports. Zacks Investment Research downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub downgraded Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Arrow Electronics has an average rating of “Hold” and a consensus price target of $80.60.

WARNING: “Arrow Electronics, Inc. (ARW) Position Trimmed by California State Teachers Retirement System” was posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/20/arrow-electronics-inc-arw-position-trimmed-by-california-state-teachers-retirement-system.html.

In other Arrow Electronics news, Chairman Michael J. Long sold 20,910 shares of Arrow Electronics stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $76.01, for a total value of $1,589,369.10. Following the sale, the chairman now owns 346,486 shares of the company’s stock, valued at approximately $26,336,400.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sean J. Kerins sold 4,477 shares of Arrow Electronics stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $77.16, for a total value of $345,445.32. Following the completion of the sale, the insider now directly owns 26,213 shares in the company, valued at approximately $2,022,595.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.

Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW).

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

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