Twin Capital Management Inc. Has $1.50 Million Holdings in Arrow Electronics, Inc. (NYSE:ARW)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARW. Dimensional Fund Advisors LP raised its position in shares of Arrow Electronics by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company's stock worth $331,493,000 after purchasing an additional 91,310 shares during the period. Greenhaven Associates Inc. raised its position in shares of Arrow Electronics by 0.5% during the 1st quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock worth $198,705,000 after purchasing an additional 8,900 shares during the period. Fiduciary Management Inc. WI raised its position in shares of Arrow Electronics by 44.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock worth $175,214,000 after purchasing an additional 473,909 shares during the period. Earnest Partners LLC raised its position in shares of Arrow Electronics by 5.5% during the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock worth $168,114,000 after purchasing an additional 77,396 shares during the period. Finally, Lyrical Asset Management LP raised its position in shares of Arrow Electronics by 0.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,454,883 shares of the technology company's stock worth $164,576,000 after purchasing an additional 9,670 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

Shares of ARW traded down $2.08 during trading hours on Thursday, hitting $128.26. 63,538 shares of the company were exchanged, compared to its average volume of 545,692. The company has a market capitalization of $6.65 billion, a PE ratio of 17.67, a PEG ratio of 0.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.05. The firm has a fifty day simple moving average of $125.35 and a 200-day simple moving average of $114.65. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

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

Analyst Ratings Changes

Several analysts recently commented on ARW shares. Wall Street Zen cut Arrow Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Bank of America lifted their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $115.75.

Insider Transactions at Arrow Electronics

In other news, Director Gail Hamilton sold 1,458 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $178,444.62. Following the completion of the sale, the director owned 101 shares of the company's stock, valued at $12,361.39. This trade represents a 93.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric Nowak sold 4,952 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $122.39, for a total value of $606,075.28. Following the sale, the insider owned 43,895 shares of the company's stock, valued at approximately $5,372,309.05. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,070 shares of company stock valued at $1,116,062 over the last quarter. Company insiders own 1.00% of the company's stock.

About Arrow Electronics

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.