Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) Director William F. Austen bought 1,900 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares of the company's stock, valued at $818,174.96. This represents a 31.89 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Arrow Electronics Stock Performance
NYSE ARW opened at $101.93 on Friday. The business has a 50-day moving average price of $111.66 and a 200-day moving average price of $120.44. Arrow Electronics, Inc. has a twelve month low of $101.78 and a twelve month high of $137.80. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.
Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on ARW shares. Wells Fargo & Company decreased their price target on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $121.25.
Check Out Our Latest Stock Analysis on ARW
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of ARW. Atria Investments Inc boosted its position in Arrow Electronics by 36.7% during the 3rd quarter. Atria Investments Inc now owns 4,433 shares of the technology company's stock valued at $589,000 after acquiring an additional 1,190 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Arrow Electronics during the 3rd quarter valued at $267,000. GSA Capital Partners LLP bought a new stake in Arrow Electronics during the 3rd quarter valued at $1,365,000. Victory Capital Management Inc. boosted its position in Arrow Electronics by 2.6% during the 3rd quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company's stock valued at $2,720,000 after acquiring an additional 517 shares in the last quarter. Finally, KBC Group NV boosted its position in Arrow Electronics by 15.5% during the 3rd quarter. KBC Group NV now owns 1,419 shares of the technology company's stock valued at $188,000 after acquiring an additional 190 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
About Arrow Electronics
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
