Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho Sells 353 Shares

Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho sold 353 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the completion of the transaction, the chief accounting officer now owns 1,549 shares in the company, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Yun Sung Cho also recently made the following trade(s):

• On Friday, February 14th, Yun Sung Cho sold 237 shares of Arrow Electronics stock. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01.

Arrow Electronics Stock Down 0.2 %

Shares of ARW stock opened at $109.93 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. Arrow Electronics, Inc. has a one year low of $105.00 and a one year high of $137.80. The company’s fifty day moving average price is $113.29 and its 200-day moving average price is $122.07. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ARW shares. Wells Fargo & Company dropped their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. 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 report on Friday, November 1st. Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Finally, Raymond James decreased their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.25.

Institutional Trading of Arrow Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Arrow Electronics by 208.8% during the 4th quarter. FMR LLC now owns 1,343,090 shares of the technology company’s stock valued at $151,930,000 after buying an additional 908,185 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Arrow Electronics by 71.9% during the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after acquiring an additional 876,396 shares during the last quarter. Bank of America Corp DE grew its stake in 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 acquiring an additional 730,408 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in 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 acquiring an additional 473,909 shares in the last quarter. Finally, Boston Partners increased its holdings in Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock valued at $280,138,000 after acquiring an additional 318,329 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

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.