Arrow Electronics, Inc. (NYSE:ARW) insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total value of $300,967.92. Following the sale, the insider now directly owns 25,552 shares of the company’s stock, valued at $2,015,286.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Arrow Electronics, Inc. (NYSE:ARW) opened at $77.50 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $68.55 and a fifty-two week high of $84.53. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6,839.02, a price-to-earnings ratio of 11.01, a PEG ratio of 0.93 and a beta of 1.18.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the company posted $1.56 earnings per share. The firm’s revenue was up 17.1% compared to the same quarter last year. research analysts expect that Arrow Electronics, Inc. will post 7.35 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Stifel Nicolaus restated a “buy” rating and issued a $86.00 price target on shares of Arrow Electronics in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $83.25.
Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Arrow Electronics by 489.5% during the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,170 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Arrow Electronics by 76.1% during the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock valued at $145,000 after acquiring an additional 786 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of Arrow Electronics during the third quarter valued at about $201,000. Boothbay Fund Management LLC acquired a new stake in shares of Arrow Electronics during the third quarter valued at about $212,000. Finally, Advisor Partners LLC grew its stake in shares of Arrow Electronics by 2.6% during the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock valued at $220,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 91.78% of the company’s stock.
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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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