Mutual of America Capital Management LLC Has $4.15 Million Position in Arrow Electronics, Inc. (NYSE:ARW)

Mutual of America Capital Management LLC lowered its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,061 shares of the technology company’s stock after selling 1,553 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arrow Electronics were worth $4,151,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in Arrow Electronics by 52.4% during the first quarter. Janney Montgomery Scott LLC now owns 3,057 shares of the technology company’s stock worth $396,000 after buying an additional 1,051 shares in the last quarter. BNP Paribas Financial Markets grew its position in Arrow Electronics by 77.1% during the first quarter. BNP Paribas Financial Markets now owns 379,659 shares of the technology company’s stock worth $49,151,000 after buying an additional 165,332 shares in the last quarter. Wambolt & Associates LLC grew its position in Arrow Electronics by 40.1% during the first quarter. Wambolt & Associates LLC now owns 7,879 shares of the technology company’s stock worth $1,017,000 after buying an additional 2,256 shares in the last quarter. Van ECK Associates Corp grew its position in Arrow Electronics by 36.5% during the first quarter. Van ECK Associates Corp now owns 19,574 shares of the technology company’s stock worth $2,534,000 after buying an additional 5,235 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in Arrow Electronics during the first quarter worth approximately $463,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insiders Place Their Bets

In other Arrow Electronics news, Director Andrew Charles Kerin sold 1,520 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $131.66, for a total transaction of $200,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gail Hamilton sold 2,987 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $132.59, for a total value of $396,046.33. Following the completion of the transaction, the director now directly owns 102 shares in the company, valued at approximately $13,524.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Charles Kerin sold 1,520 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $131.66, for a total value of $200,123.20. The disclosure for this sale can be found here. Insiders sold 5,976 shares of company stock worth $788,183 over the last three months. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price target on Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th.

Arrow Electronics Stock Up 2.6 %

NYSE ARW opened at $120.39 on Thursday. The business has a fifty day moving average price of $127.20 and a two-hundred day moving average price of $122.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.07. Arrow Electronics, Inc. has a fifty-two week low of $108.51 and a fifty-two week high of $147.42. The stock has a market capitalization of $6.41 billion, a PE ratio of 9.46 and a beta of 1.27.

Arrow Electronics (NYSE:ARW) last released its earnings results on Tuesday, May 7th. The technology company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.04. Arrow Electronics had a return on equity of 14.61% and a net margin of 2.28%. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same period in the prior year, the company earned $4.60 earnings per share. The company’s quarterly revenue was down 20.7% on a year-over-year basis. Equities analysts expect that Arrow Electronics, Inc. will post 10.37 earnings per share for the current fiscal year.

Arrow Electronics Company 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.