Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) CAO Yun Sung Cho sold 353 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $108.73, for a total transaction of $25,769.01.
Arrow Electronics Price Performance
ARW traded down $0.40 on Friday, reaching $107.87. The company had a trading volume of 476,139 shares, compared to its average volume of 511,237. The company has a fifty day moving average of $113.14 and a 200-day moving average of $121.97. The company has a market capitalization of $5.63 billion, a P/E ratio of 14.82, a PEG ratio of 0.52 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Arrow Electronics, Inc. has a one year low of $105.00 and a one year high of $137.80.
Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. As a group, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.
Hedge Funds Weigh In On Arrow Electronics
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Arrow Electronics in the 4th quarter valued at about $5,329,000. Mackenzie Financial Corp boosted its position in shares of Arrow Electronics by 247.1% during the 4th quarter. Mackenzie Financial Corp now owns 34,851 shares of the technology company's stock valued at $3,942,000 after purchasing an additional 24,811 shares in the last quarter. Forum Financial Management LP boosted its position in shares of Arrow Electronics by 8.7% during the 4th quarter. Forum Financial Management LP now owns 1,872 shares of the technology company's stock valued at $212,000 after purchasing an additional 150 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Arrow Electronics during the 4th quarter valued at about $2,351,000. Finally, Vise Technologies Inc. bought a new position in shares of Arrow Electronics during the 4th quarter valued at about $283,000. Institutional investors own 99.34% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ARW. Raymond James dropped their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Finally, Truist Financial dropped their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Arrow Electronics presently has a consensus rating of "Hold" and an average target price of $121.25.
Check Out Our Latest Report on Arrow Electronics
About Arrow Electronics
(
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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.
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