Arrow Electronics, Inc. (NYSE:ARW) SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the transaction, the senior vice president now directly owns 1,416 shares in the company, valued at $111,864. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Arrow Electronics, Inc. (ARW) traded down $0.85 during midday trading on Friday, hitting $77.63. 676,709 shares of the stock were exchanged, compared to its average volume of 518,396. The firm has a market cap of $6,829.34, a P/E ratio of 11.00, a P/E/G ratio of 0.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13. Arrow Electronics, Inc. has a fifty-two week low of $65.51 and a fifty-two week high of $84.53.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.82. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS. equities research analysts forecast that Arrow Electronics, Inc. will post 7.35 earnings per share for the current fiscal year.

WARNING: This article was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://theolympiareport.com/2017/11/19/matthew-r-anderson-sells-1416-shares-of-arrow-electronics-inc-arw-stock.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its holdings in shares of Arrow Electronics by 489.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after buying an additional 1,170 shares during the last quarter. Advisor Group Inc. increased its holdings in Arrow Electronics by 76.1% in the 3rd quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock valued at $145,000 after purchasing an additional 786 shares during the last quarter. Paragon Capital Management Ltd acquired a new stake in Arrow Electronics in the 3rd quarter valued at approximately $201,000. Boothbay Fund Management LLC acquired a new stake in Arrow Electronics in the 3rd quarter valued at approximately $212,000. Finally, Advisor Partners LLC increased its holdings in Arrow Electronics by 2.6% in the 2nd quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock valued at $220,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Arrow Electronics presently has a consensus rating of “Hold” and an average price target of $83.25.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.

Insider Buying and Selling by Quarter for Arrow Electronics (NYSE:ARW)

Receive News & Ratings for Arrow Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.