Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho Sells 237 Shares

Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) CAO Yun Sung Cho sold 237 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $108.73, for a total value of $25,769.01. Following the completion of the transaction, the chief accounting officer now directly owns 2,086 shares in the company, valued at approximately $226,810.78. This represents a 10.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arrow Electronics Stock Performance

ARW stock traded up $1.81 during midday trading on Tuesday, reaching $110.93. 529,541 shares of the company's stock traded hands, compared to its average volume of 501,156. The firm has a market capitalization of $5.83 billion, a PE ratio of 15.24 and a beta of 1.26. The company has a 50-day moving average price of $114.49 and a two-hundred day moving average price of $122.74. Arrow Electronics, Inc. has a 52 week low of $105.00 and a 52 week high of $137.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 12.81 EPS for the current year.

Analyst Upgrades and Downgrades

ARW has been the subject of a number of research analyst reports. Bank of America downgraded shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Truist Financial decreased 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 note on Friday, November 1st. Raymond James dropped their price objective on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $121.25.

Hedge Funds Weigh In On Arrow Electronics

Large investors have recently modified their holdings of the company. FMR LLC lifted its stake in Arrow Electronics by 208.8% in the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock worth $151,930,000 after purchasing an additional 908,185 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Arrow Electronics by 71.9% in the third 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 raised its position in shares of Arrow Electronics by 163.7% in the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock worth $133,089,000 after buying an additional 730,408 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in Arrow Electronics by 44.1% during the fourth 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 during the period. Finally, Boston Partners grew its position in Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock worth $280,138,000 after buying an additional 318,329 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

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.