Mutual of America Capital Management LLC Lowers Position in Arrow Electronics, Inc. (NYSE:ARW)

Mutual of America Capital Management LLC reduced its stake in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,312 shares of the technology company’s stock after selling 4,785 shares during the quarter. Mutual of America Capital Management LLC owned about 0.07% of Arrow Electronics worth $4,548,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Gladius Capital Management LP increased its stake in Arrow Electronics by 27.1% during the third quarter. Gladius Capital Management LP now owns 441 shares of the technology company’s stock worth $55,000 after acquiring an additional 94 shares during the last quarter. IFP Advisors Inc increased its stake in Arrow Electronics by 33.0% during the third quarter. IFP Advisors Inc now owns 403 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Arrow Electronics by 3.5% during the first quarter. Wetherby Asset Management Inc. now owns 3,021 shares of the technology company’s stock worth $358,000 after acquiring an additional 101 shares during the last quarter. Commerce Bank increased its stake in Arrow Electronics by 3.5% during the second quarter. Commerce Bank now owns 3,130 shares of the technology company’s stock worth $448,000 after acquiring an additional 107 shares during the last quarter. Finally, Nilsine Partners LLC increased its stake in Arrow Electronics by 2.3% during the third quarter. Nilsine Partners LLC now owns 4,861 shares of the technology company’s stock worth $609,000 after acquiring an additional 110 shares during the last quarter. 94.79% of the stock is owned by institutional investors.

Arrow Electronics Trading Up 1.7 %

ARW opened at $113.25 on Tuesday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 7.17 and a beta of 1.40. The stock’s 50 day moving average price is $117.54 and its 200-day moving average price is $121.71. Arrow Electronics, Inc. has a one year low of $108.77 and a one year high of $147.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39.

Arrow Electronics (NYSE:ARWGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.26. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. Arrow Electronics’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.69 earnings per share. On average, equities analysts forecast that Arrow Electronics, Inc. will post 14.24 EPS for the current year.

Wall Street Analyst Weigh In

ARW has been the topic of several analyst reports. StockNews.com cut Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Truist Financial cut their target price on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a research note on Friday.

Get Our Latest Stock Analysis on ARW

About Arrow Electronics

(Free Report)

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.

See Also

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

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