Yun Sung Cho Sells 353 Shares of Arrow Electronics, Inc. (NYSE:ARW) Stock

Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho sold 353 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the transaction, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Yun Sung Cho also recently made the following trade(s):

• On Friday, February 14th, Yun Sung Cho sold 237 shares of Arrow Electronics stock. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01.

Arrow Electronics Stock Down 0.6 %

Shares of ARW traded down $0.65 during midday trading on Tuesday, hitting $111.11. The stock had a trading volume of 529,650 shares, compared to its average volume of 505,207. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The company has a 50 day simple moving average of $113.56 and a two-hundred day simple moving average of $122.27. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a twelve month low of $105.00 and a twelve month high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Hedge Funds Weigh In On Arrow Electronics

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company’s stock valued at $151,930,000 after buying an additional 908,185 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Arrow Electronics by 71.9% during the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after buying an additional 876,396 shares in the last quarter. Bank of America Corp DE grew its position in Arrow Electronics by 163.7% during the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company’s stock valued at $133,089,000 after buying an additional 730,408 shares during the period. Fiduciary Management Inc. WI grew its stake in Arrow Electronics by 44.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company’s stock valued at $175,214,000 after buying an additional 473,909 shares in the last quarter. Finally, Boston Partners grew its stake in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock valued at $280,138,000 after acquiring an additional 318,329 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARW. Truist Financial lowered their price target on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Raymond James decreased their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.