Arrow Electronics, Inc. (NYSE:ARW) Director Gail Hamilton sold 4,800 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total transaction of $375,984.00. Following the completion of the transaction, the director now owns 91 shares in the company, valued at $7,128.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Arrow Electronics, Inc. (ARW) traded down $0.46 during trading hours on Thursday, reaching $77.31. 688,400 shares of the company’s stock traded hands, compared to its average volume of 492,609. Arrow Electronics, Inc. has a 1 year low of $65.26 and a 1 year high of $84.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market capitalization of $6,841.66, a P/E ratio of 11.02, a PEG ratio of 0.93 and a beta of 1.20.
Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. equities analysts forecast that Arrow Electronics, Inc. will post 7.35 earnings per share for the current year.
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Large investors have recently modified their holdings of the business. Csenge Advisory Group bought a new stake in Arrow Electronics in the third quarter valued at approximately $291,000. Legal & General Group Plc increased its stake in Arrow Electronics by 5.1% in the second quarter. Legal & General Group Plc now owns 544,809 shares of the technology company’s stock valued at $42,725,000 after purchasing an additional 26,591 shares in the last quarter. Pacer Advisors Inc. increased its stake in Arrow Electronics by 14.8% in the second quarter. Pacer Advisors Inc. now owns 12,812 shares of the technology company’s stock valued at $1,005,000 after purchasing an additional 1,650 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Arrow Electronics in the second quarter valued at approximately $273,000. Finally, Principal Financial Group Inc. increased its stake in Arrow Electronics by 38.0% in the second quarter. Principal Financial Group Inc. now owns 504,821 shares of the technology company’s stock valued at $39,589,000 after purchasing an additional 139,019 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on ARW. BidaskClub lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Deutsche Bank AG restated a “hold” rating and issued a $81.00 price objective (up from $76.00) on shares of Arrow Electronics in a report on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $86.00 price objective on shares of Arrow Electronics in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $83.25.
Arrow Electronics Company Profile
Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.
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