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

Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho sold 353 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 1,549 shares of the company’s stock, valued at $173,658.39. The trade was a 18.56 % decrease in their position. The transaction was disclosed in a filing 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 stock was sold at an average price of $108.73, for a total transaction of $25,769.01.

Arrow Electronics Trading Down 1.5 %

NYSE ARW opened at $110.10 on Wednesday. Arrow Electronics, Inc. has a 12 month low of $105.00 and a 12 month high of $137.80. 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 $5.74 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. The company’s fifty day moving average price is $113.40 and its two-hundred day moving average price is $122.15.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data 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 net margin of 1.40% and a return on equity of 9.69%. As a group, research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARW has been the subject of several recent research reports. Bank of America lowered shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Truist Financial decreased their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Raymond James decreased their target price on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Arrow Electronics by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,930,459 shares of the technology company’s stock worth $331,493,000 after buying an additional 91,310 shares during the last quarter. Boston Partners increased its holdings in shares of Arrow Electronics by 14.8% in the 4th quarter. Boston Partners now owns 2,474,074 shares of the technology company’s stock worth $280,138,000 after acquiring an additional 318,329 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Arrow Electronics by 71.9% in the 3rd 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 period. Greenhaven Associates Inc. increased its holdings in shares of Arrow Electronics by 1.1% in the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock worth $215,477,000 after acquiring an additional 20,484 shares during the period. Finally, State Street Corp increased its stake in Arrow Electronics by 0.3% during the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock valued at $224,442,000 after buying an additional 4,811 shares during the period. 99.34% of the stock is currently owned by institutional investors.

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.