Matthew R. Anderson Sells 1,416 Shares of Arrow Electronics, Inc. (ARW) Stock
Arrow Electronics, Inc. (NYSE:ARW) SVP Matthew R. Anderson sold 1,416 shares of Arrow Electronics stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the sale, the senior vice president now owns 1,416 shares of the company’s stock, valued at approximately $111,864. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Arrow Electronics, Inc. (NYSE ARW) traded up $1.16 on Friday, reaching $78.47. 893,200 shares of the company’s stock were exchanged, compared to its average volume of 494,413. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. Arrow Electronics, Inc. has a 1 year low of $65.51 and a 1 year high of $84.53. The company has a market capitalization of $6,850.00, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.92 and a beta of 1.20.
Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The business’s revenue was up 17.1% on a year-over-year basis. research analysts forecast that Arrow Electronics, Inc. will post 7.35 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Arrow Electronics by 2.2% in the second quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after purchasing an additional 164,059 shares in the last quarter. Boston Partners lifted its position in shares of Arrow Electronics by 0.7% in the third quarter. Boston Partners now owns 5,921,683 shares of the technology company’s stock worth $476,163,000 after purchasing an additional 41,711 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Arrow Electronics by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after purchasing an additional 18,653 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Arrow Electronics by 5.1% in the third quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock worth $236,092,000 after purchasing an additional 143,540 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Arrow Electronics by 13.1% in the second quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock worth $168,006,000 after purchasing an additional 248,373 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on ARW shares. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and set a $86.00 price objective on shares of Arrow Electronics in a report on Tuesday, September 12th. Finally, Deutsche Bank AG restated a “hold” rating and set a $81.00 price objective (up previously from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Arrow Electronics currently has an average rating of “Hold” and an average price target of $83.25.
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.
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