Arrow Electronics (NYSE:ARW) Sets New 52-Week Low – Should You Sell?

Arrow Electronics, Inc. (NYSE:ARW) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $103.33 and last traded at $103.62, with a volume of 53889 shares traded. The stock had previously closed at $104.62.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARW shares. Wells Fargo & Company lowered their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.25.

Arrow Electronics Trading Up 2.8 %

The business has a 50-day moving average of $111.47 and a 200-day moving average of $120.31. 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 $5.46 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.52 and a beta of 1.26.

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

Insider Buying and Selling

In other Arrow Electronics news, Director William F. Austen purchased 1,900 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $104.12 per share, for a total transaction of $197,828.00. Following the completion of the purchase, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company’s stock, valued at $173,658.39. This trade represents a 18.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Arrow Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atria Investments Inc raised 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 period. Los Angeles Capital Management LLC acquired a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $267,000. GSA Capital Partners LLP acquired a new position in shares of Arrow Electronics during the 3rd quarter worth approximately $1,365,000. Victory Capital Management Inc. grew its position in shares of Arrow Electronics by 2.6% during the 3rd quarter. Victory Capital Management Inc. now owns 20,477 shares of the technology company’s stock worth $2,720,000 after purchasing an additional 517 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Arrow Electronics by 15.5% during the 3rd quarter. KBC Group NV now owns 1,419 shares of the technology company’s stock worth $188,000 after acquiring an additional 190 shares in 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.