Arrow Electronics, Inc. (NYSE:ARW) SVP Carine Lamercie Jean-Claude Sells 1,292 Shares

Arrow Electronics, Inc. (NYSE:ARW – Get Rating) SVP Carine Lamercie Jean-Claude sold 1,292 shares of Arrow Electronics stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $118.00, for a total transaction of $152,456.00. Following the completion of the sale, the senior vice president now directly owns 13,400 shares of the company’s stock, valued at approximately $1,581,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Arrow Electronics Stock Down 0.7 %

ARW traded down $0.81 during mid-day trading on Friday, reaching $116.60. 1,733,842 shares of the stock were exchanged, compared to its average volume of 486,628. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.48. The stock has a market capitalization of $6.80 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41. The company has a 50 day moving average price of $119.30 and a two-hundred day moving average price of $108.23. Arrow Electronics, Inc. has a 1 year low of $89.38 and a 1 year high of $134.56.

Arrow Electronics (NYSE:ARW – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The technology company reported $5.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.01. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.31 billion. Arrow Electronics had a net margin of 3.84% and a return on equity of 26.96%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.37 EPS. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 15.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial lifted their price target on shares of Arrow Electronics from $116.00 to $131.00 and gave the company a “hold” rating in a research report on Friday, February 3rd. Wells Fargo & Company lifted their price target on shares of Arrow Electronics from $87.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, February 3rd. Citigroup lifted their price target on shares of Arrow Electronics from $115.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, February 3rd. Finally, Raymond James lifted their price objective on shares of Arrow Electronics from $125.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Arrow Electronics has an average rating of “Hold” and an average price target of $125.33.

Institutional Investors Weigh In On Arrow Electronics

A number of hedge funds have recently made changes to their positions in the business. Cooke & Bieler LP raised its stake in shares of Arrow Electronics by 7.6% during the 4th quarter. Cooke & Bieler LP now owns 3,506,480 shares of the technology company’s stock worth $366,673,000 after purchasing an additional 246,657 shares during the period. LSV Asset Management raised its stake in shares of Arrow Electronics by 4.4% during the 3rd quarter. LSV Asset Management now owns 2,943,260 shares of the technology company’s stock worth $271,339,000 after purchasing an additional 123,268 shares during the period. AQR Capital Management LLC raised its stake in shares of Arrow Electronics by 8.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,467,162 shares of the technology company’s stock worth $269,562,000 after purchasing an additional 193,574 shares during the period. Moneta Group Investment Advisors LLC bought a new stake in shares of Arrow Electronics during the 4th quarter worth $230,362,000. Finally, Millennium Management LLC raised its stake in shares of Arrow Electronics by 25.9% during the 4th quarter. Millennium Management LLC now owns 1,255,591 shares of the technology company’s stock worth $131,297,000 after purchasing an additional 258,224 shares during the period. 95.49% of the stock is currently owned by institutional investors.

About Arrow Electronics

(Get Rating)

Arrow Electronics, Inc engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. The Global Components segment focuses on marketing and distribution of electronic components enabled by a comprehensive range of value-added capabilities and services.