Insider Buying: Arrow Electronics, Inc. (NYSE:ARW) Director Acquires 1,900 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) Director William F. Austen purchased 1,900 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, the director now owns 7,858 shares of the company's stock, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arrow Electronics Stock Down 0.3 %

ARW stock traded down $0.35 during mid-day trading on Thursday, reaching $102.24. 202,542 shares of the company traded hands, compared to its average volume of 502,370. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a fifty-two week low of $101.98 and a fifty-two week high of $137.80. The firm's 50 day moving average price is $111.66 and its 200 day moving average price is $120.44. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating 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 research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARW. Wells Fargo & Company dropped their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating 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 issued a buy rating to the company's stock. Based on data from MarketBeat, Arrow Electronics presently has an average rating of "Hold" and a consensus price target of $121.25.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Arrow Electronics in the 4th quarter valued at about $5,329,000. Mackenzie Financial Corp grew its holdings in shares of Arrow Electronics by 247.1% in the fourth quarter. Mackenzie Financial Corp now owns 34,851 shares of the technology company's stock valued at $3,942,000 after acquiring an additional 24,811 shares in the last quarter. Forum Financial Management LP increased its position in shares of Arrow Electronics by 8.7% during the fourth quarter. Forum Financial Management LP now owns 1,872 shares of the technology company's stock valued at $212,000 after acquiring an additional 150 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Arrow Electronics during the fourth quarter worth $2,351,000. Finally, Vise Technologies Inc. purchased a new position in Arrow Electronics in the fourth quarter worth $283,000. 99.34% of the stock is 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.

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