Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) CAO Yun Sung Cho sold 237 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. This trade represents a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Arrow Electronics Stock Up 0.8 %
Shares of NYSE ARW opened at $109.12 on Friday. Arrow Electronics, Inc. has a 12-month low of $105.00 and a 12-month high of $137.80. The company has a market cap of $5.74 billion, a P/E ratio of 14.99 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $114.76 and a 200 day moving average price of $122.89.
Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Research analysts anticipate that Arrow Electronics, Inc. will post 12.81 EPS for the current fiscal year.
Institutional Trading of Arrow Electronics
Several large investors have recently modified their holdings of ARW. FMR LLC grew its stake in shares of Arrow Electronics by 208.8% during the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock valued at $151,930,000 after acquiring an additional 908,185 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Arrow Electronics by 71.9% during the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company's stock valued at $278,220,000 after acquiring an additional 876,396 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in shares of Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after acquiring an additional 473,909 shares in the last quarter. Boston Partners grew its stake in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after acquiring an additional 318,329 shares in the last quarter. Finally, Lind Value II ApS grew its stake in shares of Arrow Electronics by 36.3% during the fourth quarter. Lind Value II ApS now owns 648,637 shares of the technology company's stock valued at $73,374,000 after acquiring an additional 172,669 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently weighed in on ARW. Truist Financial cut their target price on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company lowered their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Raymond James lowered their price target on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, Bank of America downgraded Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Arrow Electronics has an average rating of "Hold" and a consensus price target of $121.25.
Read Our Latest Analysis on Arrow Electronics
About Arrow Electronics
(
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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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