Arrow Electronics, Inc. (NYSE:ARW) Director Andrew Charles Kerin Sells 1,419 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW – Get Rating) Director Andrew Charles Kerin sold 1,419 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $123.09, for a total transaction of $174,664.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $123.58 on Tuesday. The business’s 50-day moving average price is $117.92 and its two-hundred day moving average price is $114.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.62 and a quick ratio of 1.09. Arrow Electronics, Inc. has a one year low of $89.38 and a one year high of $134.56. The company has a market capitalization of $6.98 billion, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.40.

Arrow Electronics (NYSE:ARW – Get Rating) last posted its earnings results on Thursday, May 4th. The technology company reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.13. The firm had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Arrow Electronics had a net margin of 3.63% and a return on equity of 24.92%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.43 earnings per share. Analysts anticipate that Arrow Electronics, Inc. will post 15.82 earnings per share for the current fiscal year.

Institutional Trading of Arrow Electronics

Institutional investors have recently added to or reduced their stakes in the business. Desjardins Global Asset Management Inc. bought a new position in Arrow Electronics during the first quarter valued at about $25,000. Machina Capital S.A.S. acquired a new position in Arrow Electronics during the first quarter valued at approximately $25,000. Lindbrook Capital LLC grew its holdings in Arrow Electronics by 31.9% during the fourth quarter. Lindbrook Capital LLC now owns 389 shares of the technology company’s stock valued at $41,000 after purchasing an additional 94 shares during the last quarter. Huntington National Bank grew its holdings in Arrow Electronics by 88.5% during the fourth quarter. Huntington National Bank now owns 411 shares of the technology company’s stock valued at $43,000 after purchasing an additional 193 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in Arrow Electronics during the first quarter valued at approximately $52,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ARW. Truist Financial increased their target price on Arrow Electronics from $116.00 to $131.00 and gave the company a “hold” rating in a report on Friday, February 3rd. Citigroup raised their price objective on Arrow Electronics from $115.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, February 3rd. StockNews.com raised Arrow Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, May 13th. Bank of America reduced their price target on shares of Arrow Electronics from $140.00 to $135.00 in a research report on Monday, May 8th. Finally, Raymond James boosted their price objective on shares of Arrow Electronics from $125.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $126.71.

Arrow Electronics Company Profile

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Arrow Electronics, Inc engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. The Global Components segment focuses on marketing and distribution of electronic components enabled by a comprehensive range of value-added capabilities and services.