Insider Selling: Arrow Electronics, Inc. (ARW) SVP Sells $111,864.00 in Stock
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.
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.
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