Insider Selling: Arrow Electronics, Inc. (NYSE:ARW) SVP Sells 2,660 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW - Get Free Report) SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the transaction, the senior vice president now owns 17,057 shares in the company, valued at approximately $2,125,984.48. The trade was a 13.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Arrow Electronics Stock Down 1.3%

ARW traded down $1.59 during mid-day trading on Friday, reaching $121.91. 792,652 shares of the stock were exchanged, compared to its average volume of 496,052. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a market capitalization of $6.32 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.09. The company has a 50 day moving average price of $113.94 and a two-hundred day moving average price of $112.37. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

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

Analysts Set New Price Targets

Separately, Bank of America upped their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in Arrow Electronics by 208.8% in the fourth quarter. FMR LLC now owns 1,343,090 shares of the technology company's stock worth $151,930,000 after buying an additional 908,185 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Arrow Electronics by 163.7% during the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after purchasing an additional 730,408 shares during the period. Fiduciary Management Inc. WI boosted its stake in shares of Arrow Electronics by 44.1% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,548,925 shares of the technology company's stock valued at $175,214,000 after purchasing an additional 473,909 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Arrow Electronics during the first quarter valued at approximately $35,598,000. Finally, Boston Partners boosted its stake in shares of Arrow Electronics by 14.8% during the fourth quarter. Boston Partners now owns 2,474,074 shares of the technology company's stock valued at $280,138,000 after purchasing an additional 318,329 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

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.