Insider Selling: Arrow Electronics, Inc. (NYSE:ARW) CAO Sells $25,769.01 in Stock

Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho sold 237 shares of Arrow Electronics stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $108.73, for a total transaction of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares of the company’s stock, valued at $226,810.78. The trade was a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arrow Electronics Price Performance

Shares of NYSE ARW opened at $109.12 on Monday. Arrow Electronics, Inc. has a twelve month low of $105.00 and a twelve month high of $137.80. The firm has a market cap of $5.69 billion, a P/E ratio of 14.99 and a beta of 1.26. The company has a 50 day moving average of $114.76 and a 200 day moving average of $122.88. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. As a group, research analysts expect that Arrow Electronics, Inc. will post 12.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Arrow Electronics

A number of large investors have recently added to or reduced their stakes in the stock. Meixler Investment Management Ltd. grew its position in Arrow Electronics by 2.6% in the 4th quarter. Meixler Investment Management Ltd. now owns 3,421 shares of the technology company’s stock worth $387,000 after purchasing an additional 88 shares during the period. Oppenheimer Asset Management Inc. grew its position in Arrow Electronics by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,766 shares of the technology company’s stock worth $539,000 after purchasing an additional 89 shares during the period. Ironwood Investment Management LLC grew its position in shares of Arrow Electronics by 0.4% during the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after acquiring an additional 100 shares during the period. Summit Trail Advisors LLC grew its position in shares of Arrow Electronics by 2.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock valued at $521,000 after acquiring an additional 108 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Arrow Electronics by 24.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 568 shares of the technology company’s stock valued at $64,000 after acquiring an additional 112 shares during the period. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James lowered their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Finally, Truist Financial decreased their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.25.

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.