Arrow Electronics, Inc. (NYSE:ARW – Get Rating) insider Kristin Diana Russell sold 19,466 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $123.97, for a total transaction of $2,413,200.02. Following the sale, the insider now owns 14,815 shares in the company, valued at $1,836,615.55. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of NYSE:ARW opened at $122.15 on Friday. The firm has a market cap of $8.07 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37. The firm’s 50 day simple moving average is $118.56 and its 200-day simple moving average is $123.38. Arrow Electronics, Inc. has a one year low of $107.11 and a one year high of $137.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.49.
Arrow Electronics (NYSE:ARW – Get Rating) last issued its earnings results on Thursday, May 5th. The technology company reported $5.43 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.87. Arrow Electronics had a net margin of 3.60% and a return on equity of 24.40%. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same period last year, the company posted $2.84 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that Arrow Electronics, Inc. will post 21.57 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Arrow Electronics from $143.00 to $126.00 and set a “hold” rating on the stock in a research report on Friday, April 8th. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating and set a $146.00 price objective on the stock in a research report on Tuesday, February 8th. StockNews.com lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Raymond James raised shares of Arrow Electronics from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Wednesday, February 2nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Arrow Electronics during the first quarter valued at approximately $25,000. Allworth Financial LP acquired a new stake in Arrow Electronics in the first quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in Arrow Electronics by 95.7% in the first quarter. Financial Management Professionals Inc. now owns 225 shares of the technology company’s stock valued at $27,000 after acquiring an additional 110 shares in the last quarter. National Bank of Canada FI acquired a new stake in Arrow Electronics in the fourth quarter valued at approximately $31,000. Finally, CWM LLC acquired a new stake in Arrow Electronics in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.
Arrow Electronics Company Profile (Get Rating)
Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
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