Twin Capital Management Inc. Increases Stake in Arrow Electronics, Inc. (NYSE:ARW)

Twin Capital Management Inc. grew its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 145.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,464 shares of the technology company's stock after buying an additional 8,582 shares during the quarter. Twin Capital Management Inc.'s holdings in Arrow Electronics were worth $1,502,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ARW. Brown Brothers Harriman & Co. acquired a new position in shares of Arrow Electronics during the 4th quarter worth $31,000. Golden State Wealth Management LLC grew its stake in shares of Arrow Electronics by 111.7% during the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after purchasing an additional 200 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Arrow Electronics in the 4th quarter valued at about $47,000. CoreFirst Bank & Trust acquired a new stake in Arrow Electronics in the 4th quarter valued at about $55,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Arrow Electronics in the 1st quarter valued at about $120,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Down 0.3%

NYSE ARW opened at $130.36 on Monday. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company's 50 day moving average price is $124.80 and its 200 day moving average price is $114.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.43. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.65 and a beta of 1.10.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.33. Arrow Electronics had a net margin of 1.40% and a return on equity of 8.97%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter last year, the firm posted $2.41 earnings per share. The business's quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling at Arrow Electronics

In related news, insider Eric Nowak sold 4,952 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the sale, the insider owned 43,895 shares of the company's stock, valued at $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the sale, the senior vice president owned 17,057 shares in the company, valued at approximately $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,070 shares of company stock worth $1,116,062. 0.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on ARW shares. Bank of America increased their price objective on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen cut shares of Arrow Electronics from a "buy" rating to a "hold" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $115.75.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

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