Insider Buying: Arrow Electronics, Inc. (NYSE:ARW) Director Purchases 1,900 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW) Director William F. Austen purchased 1,900 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now directly owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arrow Electronics Stock Performance

NYSE ARW opened at $104.74 on Friday. The business has a 50 day moving average price of $111.30 and a 200 day moving average price of $120.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08. The company has a market capitalization of $5.46 billion, a P/E ratio of 14.39, a PEG ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80.

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

Analyst Upgrades and Downgrades

ARW has been the subject of a number of analyst reports. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Two 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, Arrow Electronics currently has a consensus rating of “Hold” and an average price target of $121.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics during the fourth quarter worth about $25,000. True Wealth Design LLC acquired a new position in Arrow Electronics in the 3rd quarter valued at $31,000. Brown Brothers Harriman & Co. purchased a new position in shares of Arrow Electronics during the 4th quarter worth $31,000. Brooklyn Investment Group acquired a new stake in shares of Arrow Electronics during the third quarter worth $40,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Arrow Electronics in the fourth quarter valued at $47,000. Institutional investors and hedge funds 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.