Arrow Electronics, Inc. (NYSE:ARW - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as $104.42 and last traded at $105.75, with a volume of 9675 shares traded. The stock had previously closed at $105.63.
Analysts Set New Price Targets
ARW has been the subject of a number of recent analyst reports. Bank of America lowered Arrow Electronics from a "neutral" rating to an "underperform" rating in a research report on Friday, February 7th. 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 given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $121.25.
Check Out Our Latest Stock Report on ARW
Arrow Electronics Stock Up 3.3 %
The company's 50 day moving average price is $112.14 and its two-hundred day moving average price is $121.06. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.70 billion, a P/E ratio of 15.02, a PEG ratio of 0.52 and a beta of 1.26.
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 for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Equities analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.
Insiders Place Their Bets
In other Arrow Electronics news, CAO Yun Sung Cho sold 353 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now owns 1,549 shares in the company, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Arrow Electronics
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. raised its stake in Arrow Electronics by 2.6% during the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company's stock worth $387,000 after acquiring an additional 88 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Arrow Electronics by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company's stock valued at $539,000 after buying an additional 89 shares in the last quarter. Ironwood Investment Management LLC grew its holdings in Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock valued at $2,550,000 after buying an additional 100 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in Arrow Electronics by 2.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company's stock valued at $521,000 after buying an additional 108 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after buying an additional 112 shares in the last quarter. Institutional investors own 99.34% of the company's stock.
About Arrow Electronics
(
Get Free Report)
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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