Arrow Electronics, Inc. (NYSE:ARW) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 2,204,384 shares, an increase of 165.5% from the October 31st total of 830,253 shares. Based on an average daily volume of 659,989 shares, the short-interest ratio is currently 3.3 days. Approximately 2.5% of the company’s shares are short sold.

In other news, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total transaction of $300,967.92. Following the completion of the transaction, the insider now owns 25,552 shares of the company’s stock, valued at approximately $2,015,286.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $79.00, for a total transaction of $111,864.00. Following the transaction, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at approximately $111,864. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Csenge Advisory Group acquired a new stake in Arrow Electronics during the 3rd quarter worth approximately $291,000. Swiss National Bank increased its position in Arrow Electronics by 1.0% during the 3rd quarter. Swiss National Bank now owns 327,248 shares of the technology company’s stock worth $26,314,000 after purchasing an additional 3,100 shares in the last quarter. Legal & General Group Plc increased its position in Arrow Electronics by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 544,809 shares of the technology company’s stock worth $42,725,000 after purchasing an additional 26,591 shares in the last quarter. FDx Advisors Inc. increased its position in Arrow Electronics by 23.0% during the 3rd quarter. FDx Advisors Inc. now owns 20,712 shares of the technology company’s stock worth $1,665,000 after purchasing an additional 3,876 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Arrow Electronics by 14.8% during the 2nd quarter. Pacer Advisors Inc. now owns 12,812 shares of the technology company’s stock worth $1,005,000 after purchasing an additional 1,650 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on ARW. Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $86.00 price objective on shares of Arrow Electronics in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Arrow Electronics has an average rating of “Hold” and a consensus price target of $83.25.

Arrow Electronics (NYSE ARW) opened at $80.32 on Thursday. Arrow Electronics has a one year low of $67.73 and a one year high of $84.53. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. The company has a market cap of $7,105.58, a PE ratio of 11.44, a PEG ratio of 0.96 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.82. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. sell-side analysts forecast that Arrow Electronics will post 7.35 earnings per share for the current year.

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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.

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