Matthew R. Anderson Sells 1,416 Shares of Arrow Electronics, Inc. (NYSE:ARW) Stock

Arrow Electronics, Inc. (NYSE:ARW) SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $79.00, for a total value of $111,864.00. Following the completion of the sale, the senior vice president now owns 1,416 shares of the company’s stock, valued at $111,864. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Arrow Electronics, Inc. (NYSE ARW) opened at $79.20 on Monday. Arrow Electronics, Inc. has a 12 month low of $67.78 and a 12 month high of $84.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. The stock has a market capitalization of $6,967.46, a P/E ratio of 11.22, a P/E/G ratio of 0.94 and a beta of 1.18.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned $1.56 EPS. analysts expect that Arrow Electronics, Inc. will post 7.35 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $86.00 price target on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, BidaskClub downgraded Arrow Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Arrow Electronics currently has a consensus rating of “Hold” and an average target price of $83.25.

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its holdings in Arrow Electronics by 489.5% during the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,170 shares during the last quarter. Advisor Group Inc. increased its position in Arrow Electronics by 76.1% during the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after buying an additional 786 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Arrow Electronics during the third quarter worth $201,000. Boothbay Fund Management LLC purchased a new position in Arrow Electronics during the third quarter worth $212,000. Finally, Advisor Partners LLC increased its position in Arrow Electronics by 2.6% during the second quarter. Advisor Partners LLC now owns 2,802 shares of the technology company’s stock worth $220,000 after buying an additional 71 shares in the last quarter. 91.78% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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