Arrow Electronics, Inc. (NYSE:ARW) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,204,384 shares, a growth of 165.5% from the October 31st total of 830,253 shares. Based on an average daily volume of 659,989 shares, the short-interest ratio is presently 3.3 days. Approximately 2.5% of the shares of the company are sold short.

ARW has been the topic of a number of research reports. Zacks Investment Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and issued a $86.00 price objective on shares of Arrow Electronics in a research note on Tuesday, September 12th. Finally, BidaskClub cut Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $83.25.

In other news, SVP Matthew R. Anderson sold 1,416 shares of Arrow Electronics stock in a transaction 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 sale, the senior vice president now directly owns 1,416 shares in the company, valued at approximately $111,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sean J. Kerins sold 3,816 shares of Arrow Electronics stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total value of $300,967.92. Following the sale, the insider now owns 25,552 shares in the company, valued at $2,015,286.24. The disclosure for this sale can be found here. Insiders have sold a total of 10,032 shares of company stock worth $788,816 over the last quarter. Company insiders own 1.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ARW. ING Groep NV bought a new stake in Arrow Electronics in the 2nd quarter valued at about $848,000. NGAM Advisors L.P. raised its stake in Arrow Electronics by 1.9% in the 2nd quarter. NGAM Advisors L.P. now owns 34,311 shares of the technology company’s stock valued at $2,691,000 after acquiring an additional 628 shares during the period. Janney Montgomery Scott LLC raised its stake in Arrow Electronics by 10.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,188 shares of the technology company’s stock valued at $956,000 after acquiring an additional 1,139 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Arrow Electronics by 14.8% during the second quarter. Great West Life Assurance Co. Can now owns 127,095 shares of the technology company’s stock valued at $9,958,000 after buying an additional 16,396 shares during the period. Finally, CAPROCK Group Inc. bought a new stake in shares of Arrow Electronics during the second quarter valued at about $315,000. Institutional investors and hedge funds own 91.78% of the company’s stock.

Shares of Arrow Electronics (NYSE:ARW) opened at $77.71 on Tuesday. Arrow Electronics has a 52 week low of $68.55 and a 52 week high of $84.53. The stock has a market capitalization of $6,840.00, a PE ratio of 11.22, a P/E/G ratio of 0.94 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57.

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

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About Arrow Electronics

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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