Arrow Electronics, Inc. (NYSE:ARW) SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total value of $111,864.00. Following the completion of the sale, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at approximately $111,864. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Arrow Electronics, Inc. (NYSE:ARW) opened at $77.63 on Monday. The firm has a market capitalization of $6,829.34, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20. Arrow Electronics, Inc. has a 52 week low of $65.51 and a 52 week high of $84.53. 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 (NYSE:ARW) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.82. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.58 billion. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. equities research analysts expect that Arrow Electronics, Inc. will post 7.35 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans grew its position in shares of Arrow Electronics by 2,948.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 513,673 shares of the technology company’s stock valued at $40,283,000 after acquiring an additional 496,823 shares during the period. Earnest Partners LLC acquired a new stake in shares of Arrow Electronics during the 3rd quarter valued at about $32,587,000. LSV Asset Management grew its position in shares of Arrow Electronics by 13.1% during the 2nd quarter. LSV Asset Management now owns 2,142,395 shares of the technology company’s stock valued at $168,006,000 after acquiring an additional 248,373 shares during the period. Prudential Financial Inc. grew its position in shares of Arrow Electronics by 57.9% during the 2nd quarter. Prudential Financial Inc. now owns 465,233 shares of the technology company’s stock valued at $36,483,000 after acquiring an additional 170,570 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock valued at $599,421,000 after acquiring an additional 164,059 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub lowered Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a research note on Tuesday, September 12th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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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