Insider Selling: Arrow Electronics, Inc. (NYSE:ARW) Director Sells 1,458 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW) Director Gail Hamilton sold 1,458 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $122.39, for a total transaction of $178,444.62. Following the transaction, the director now owns 101 shares in the company, valued at $12,361.39. The trade was a 93.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arrow Electronics Stock Performance

Shares of NYSE:ARW opened at $120.59 on Friday. The business’s 50-day simple moving average is $106.53 and its 200 day simple moving average is $112.32. The company has a market cap of $6.26 billion, a P/E ratio of 16.56, a PEG ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, May 1st. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.33. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. During the same period last year, the firm earned $2.41 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arrow Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Arrow Electronics by 1,072.6% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $5,564,000 after purchasing an additional 37,746 shares during the last quarter. Lind Value II ApS boosted its position in Arrow Electronics by 36.3% during the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock valued at $73,374,000 after purchasing an additional 172,669 shares during the period. Polaris Capital Management LLC increased its position in Arrow Electronics by 1.1% in the fourth quarter. Polaris Capital Management LLC now owns 261,203 shares of the technology company’s stock worth $29,547,000 after buying an additional 2,800 shares during the period. Charles Schwab Investment Management Inc. increased its position in Arrow Electronics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company’s stock worth $56,436,000 after buying an additional 14,971 shares during the period. Finally, Choreo LLC bought a new stake in Arrow Electronics in the fourth quarter valued at $422,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics presently has an average rating of “Hold” and a consensus target price of $121.25.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.