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

Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction on Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Arrow Electronics Stock Performance

ARW stock opened at $109.12 on Friday. The firm has a 50 day moving average of $114.76 and a two-hundred day moving average of $122.89. Arrow Electronics, Inc. has a 12 month low of $105.00 and a 12 month high of $137.80. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 14.99 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS 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%. As a group, equities analysts anticipate that Arrow Electronics, Inc. will post 12.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial lowered their target price on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Bank of America downgraded shares of 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 shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Finally, Raymond James lowered their price target 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $121.25.

Institutional Investors Weigh In On Arrow Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Arrow Electronics in the fourth quarter valued at approximately $552,000. Jane Street Group LLC raised its holdings in Arrow Electronics by 726.7% in the 4th quarter. Jane Street Group LLC now owns 95,040 shares of the technology company’s stock worth $10,751,000 after acquiring an additional 83,543 shares during the period. Comerica Bank lifted its position in Arrow Electronics by 13.6% during the 4th quarter. Comerica Bank now owns 22,005 shares of the technology company’s stock worth $2,489,000 after acquiring an additional 2,637 shares during the last quarter. Northern Trust Corp boosted its holdings in Arrow Electronics by 15.6% during the fourth quarter. Northern Trust Corp now owns 632,255 shares of the technology company’s stock valued at $71,521,000 after acquiring an additional 85,207 shares during the period. Finally, Earnest Partners LLC grew its position in shares of Arrow Electronics by 5.5% in the fourth quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company’s stock valued at $168,114,000 after purchasing an additional 77,396 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

About Arrow Electronics

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.