Matthew R. Anderson Sells 1,416 Shares of Arrow Electronics, Inc. (ARW) Stock
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.
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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.
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