Principal Financial Group Inc. Has $42.69 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Principal Financial Group Inc. lessened its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 619,083 shares of the technology company’s stock after selling 4,448 shares during the quarter. Principal Financial Group Inc. owned 0.73% of Arrow Electronics worth $42,686,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its position in Arrow Electronics by 0.4% during the fourth quarter. BlackRock Inc. now owns 8,654,725 shares of the technology company’s stock worth $596,743,000 after acquiring an additional 38,557 shares during the last quarter. Vanguard Group Inc. lifted its position in Arrow Electronics by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,937,507 shares of the technology company’s stock worth $585,153,000 after acquiring an additional 70,647 shares during the last quarter. Vanguard Group Inc lifted its position in Arrow Electronics by 0.9% during the third quarter. Vanguard Group Inc now owns 7,937,507 shares of the technology company’s stock worth $585,153,000 after acquiring an additional 70,647 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Arrow Electronics by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 5,742,170 shares of the technology company’s stock worth $423,313,000 after acquiring an additional 370,095 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Arrow Electronics by 8,975.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,854,494 shares of the technology company’s stock worth $70,000 after acquiring an additional 4,801,004 shares during the last quarter. 94.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Michael J. Long sold 25,835 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $82.19, for a total value of $2,123,378.65. Following the sale, the chief executive officer now owns 381,028 shares of the company’s stock, valued at $31,316,691.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Long sold 53,984 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $80.70, for a total transaction of $4,356,508.80. Following the completion of the transaction, the chief executive officer now owns 366,253 shares in the company, valued at approximately $29,556,617.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,351 shares of company stock worth $8,322,837. Insiders own 1.30% of the company’s stock.

Several brokerages have issued reports on ARW. Zacks Investment Research downgraded shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. SunTrust Banks lifted their price target on shares of Arrow Electronics to $84.00 and gave the company a “hold” rating in a research report on Friday, February 8th. Finally, Stifel Nicolaus downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating and set a $75.33 price target for the company. in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.33.

ARW traded down $0.13 during trading on Monday, hitting $84.49. 358,742 shares of the stock traded hands, compared to its average volume of 546,846. Arrow Electronics, Inc. has a twelve month low of $62.69 and a twelve month high of $85.05. The company has a market cap of $7.21 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.55 and a quick ratio of 1.11.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 7th. The technology company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.01. The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Arrow Electronics had a net margin of 2.41% and a return on equity of 14.88%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. On average, analysts expect that Arrow Electronics, Inc. will post 9.07 earnings per share for the current fiscal year.

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Arrow Electronics 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.

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

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