Arrow Electronics, Inc. (NYSE:ARW) Insider Eric Nowak Sells 4,952 Shares

Arrow Electronics, Inc. (NYSE:ARW) insider Eric Nowak sold 4,952 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $122.39, for a total value of $606,075.28. Following the completion of the sale, the insider now directly owns 43,895 shares in the company, valued at $5,372,309.05. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $121.61 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.31 billion, a PE ratio of 16.70, a P/E/G ratio of 0.52 and a beta of 1.10. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The stock has a 50-day moving average price of $106.04 and a two-hundred day moving average price of $112.35.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, May 1st. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.47 by $0.33. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.32 billion. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARW. Bank of America lowered Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their target price on 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 investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Arrow Electronics has a consensus rating of “Hold” and a consensus target price of $121.25.

Hedge Funds Weigh In On Arrow Electronics

Several large investors have recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Arrow Electronics in the fourth quarter valued at about $31,000. Operose Advisors LLC acquired a new stake in shares of Arrow Electronics in the first quarter valued at about $31,000. Golden State Wealth Management LLC increased its stake in shares of Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock valued at $39,000 after buying an additional 200 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Arrow Electronics in the fourth quarter valued at about $47,000. 99.34% of the stock is currently owned by institutional investors.

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.