Arrow Electronics, Inc. (NYSE:ARW) SVP Carine Lamercie Jean-Claude Sells 2,660 Shares

Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the sale, the senior vice president now directly owns 17,057 shares of the company's stock, valued at $2,125,984.48. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Arrow Electronics Stock Down 0.4%

Shares of NYSE:ARW traded down $0.44 on Friday, reaching $123.06. The company had a trading volume of 114,303 shares, compared to its average volume of 492,770. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The stock has a market capitalization of $6.38 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.52 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $113.34 and a 200 day moving average price of $112.41.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.47 by $0.33. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same period in the previous year, the business posted $2.41 EPS. The company's revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Institutional Investors Weigh In On Arrow Electronics

Hedge funds and other institutional investors have recently modified their holdings of the company. Meixler Investment Management Ltd. raised its holdings in shares of 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 buying an additional 88 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position 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 worth $539,000 after acquiring an additional 89 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in Arrow Electronics by 0.4% in the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company's stock worth $2,550,000 after purchasing an additional 100 shares in the last quarter. Beverly Hills Private Wealth LLC increased its holdings in Arrow Electronics by 4.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock worth $274,000 after purchasing an additional 106 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Arrow Electronics by 24.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company's stock valued at $64,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Analysts Set New Price Targets

Separately, Bank of America raised their target price on Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday.

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.