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.

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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.

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

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