Arrow Electronics, Inc. (NYSE:ARW) insider Charles Kostalnick II sold 700 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $74.37, for a total value of $52,059.00. Following the transaction, the insider now owns 12,780 shares of the company’s stock, valued at approximately $950,448.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:ARW traded down $0.68 during trading on Thursday, reaching $74.54. The company’s stock had a trading volume of 582,396 shares, compared to its average volume of 584,160. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. Arrow Electronics, Inc. has a 12 month low of $64.04 and a 12 month high of $87.26. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.95 and a beta of 1.16.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. Arrow Electronics had a net margin of 1.84% and a return on equity of 15.12%. The firm had revenue of $7.49 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter last year, the firm earned $1.82 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Arrow Electronics, Inc. will post 8.82 EPS for the current year.

A number of brokerages have recently weighed in on ARW. ValuEngine upgraded Arrow Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Wells Fargo & Co began coverage on shares of Arrow Electronics in a report on Tuesday, July 17th. They issued an “outperform” rating and a $90.00 price target for the company. Finally, Citigroup increased their price target on shares of Arrow Electronics from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Arrow Electronics presently has a consensus rating of “Buy” and a consensus price target of $86.00.

Several large investors have recently made changes to their positions in ARW. Korea Investment CORP lifted its stake in Arrow Electronics by 84.2% in the second quarter. Korea Investment CORP now owns 105,421 shares of the technology company’s stock worth $7,936,000 after purchasing an additional 48,200 shares during the last quarter. Strs Ohio lifted its stake in Arrow Electronics by 642.3% in the second quarter. Strs Ohio now owns 7,646 shares of the technology company’s stock worth $575,000 after purchasing an additional 6,616 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Arrow Electronics by 126.7% in the second quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the technology company’s stock worth $255,000 after purchasing an additional 1,900 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Arrow Electronics by 2.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 52,868 shares of the technology company’s stock worth $3,980,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Arrow Electronics by 2.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 412,612 shares of the technology company’s stock worth $31,062,000 after purchasing an additional 9,409 shares during the last quarter. 92.78% of the stock is owned by hedge funds and other institutional investors.

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Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

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

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