Arrow Electronics, Inc. (NYSE:ARW) Director Purchases $197,828.00 in Stock

Arrow Electronics, Inc. (NYSE:ARW) Director William F. Austen purchased 1,900 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Arrow Electronics Stock Up 2.8 %

Shares of NYSE ARW opened at $104.74 on Friday. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. 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 business has a 50-day moving average of $111.30 and a two-hundred day moving average of $120.02.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating 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%. On average, analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARW. Wells Fargo & Company cut 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. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Arrow Electronics presently has an average rating of “Hold” and a consensus price target of $121.25.

Hedge Funds Weigh In On Arrow Electronics

Large investors have recently bought and sold shares of the stock. Atria Investments Inc lifted its holdings in shares of Arrow Electronics by 36.7% in the 3rd quarter. Atria Investments Inc now owns 4,433 shares of the technology company’s stock valued at $589,000 after purchasing an additional 1,190 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Arrow Electronics during the third quarter worth approximately $267,000. GSA Capital Partners LLP purchased a new stake in Arrow Electronics in the third quarter valued at approximately $1,365,000. Victory Capital Management Inc. boosted its holdings in shares of Arrow Electronics by 2.6% in the third quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company’s stock valued at $2,720,000 after acquiring an additional 517 shares during the period. Finally, KBC Group NV grew its position in shares of Arrow Electronics by 15.5% during the third quarter. KBC Group NV now owns 1,419 shares of the technology company’s stock worth $188,000 after acquiring an additional 190 shares during the last quarter. 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.