Arrow Electronics, Inc. (NYSE:ARW) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $74.80.

ARW has been the topic of several analyst reports. Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Deutsche Bank AG reiterated a “hold” rating and issued a $81.00 target price (up from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, BidaskClub lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd.

Arrow Electronics (ARW) traded up 0.95% during trading on Friday, hitting $79.52. 467,140 shares of the stock traded hands. Arrow Electronics has a one year low of $58.52 and a one year high of $84.53. The company’s 50 day moving average is $77.72 and its 200 day moving average is $76.05. The company has a market capitalization of $7.02 billion, a P/E ratio of 14.54 and a beta of 1.12.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, August 3rd. The technology company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.01. The company had revenue of $6.47 billion for the quarter, compared to analyst estimates of $6.23 billion. Arrow Electronics had a net margin of 2.01% and a return on equity of 13.52%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. On average, equities analysts forecast that Arrow Electronics will post $7.32 EPS for the current fiscal year.

In related news, insider Sean J. Kerins sold 4,477 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $77.16, for a total transaction of $345,445.32. Following the sale, the insider now directly owns 26,213 shares in the company, valued at $2,022,595.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Michael J. Long sold 20,910 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.01, for a total transaction of $1,589,369.10. Following the sale, the chairman now owns 346,486 shares in the company, valued at $26,336,400.86. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its holdings 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 worth $110,000 after acquiring an additional 1,170 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Arrow Electronics by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 41,786 shares of the technology company’s stock worth $3,276,000 after acquiring an additional 371 shares during the period. Cypress Capital Management LLC raised its holdings in shares of Arrow Electronics by 32.8% during the second quarter. Cypress Capital Management LLC now owns 8,277 shares of the technology company’s stock worth $649,000 after acquiring an additional 2,045 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Arrow Electronics by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 131,120 shares of the technology company’s stock worth $10,282,000 after acquiring an additional 2,312 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Arrow Electronics by 79.4% during the second quarter. Janus Henderson Group PLC now owns 19,260 shares of the technology company’s stock worth $1,510,000 after acquiring an additional 8,526 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

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About Arrow Electronics

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.

Analyst Recommendations for Arrow Electronics (NYSE:ARW)

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