Insider Selling: Arrow Electronics, Inc. (NYSE:ARW) CAO Sells 353 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW) CAO Yun Sung Cho sold 353 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the transaction, the chief accounting officer now owns 1,549 shares of the company’s stock, valued at approximately $173,658.39. This trade represents a 18.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $108.73, for a total transaction of $25,769.01.

Arrow Electronics Stock Down 1.5 %

Shares of ARW stock opened at $110.10 on Wednesday. The stock’s 50 day simple moving average is $113.40 and its 200 day simple moving average is $122.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.46. Arrow Electronics, Inc. has a twelve month low of $105.00 and a twelve month high of $137.80. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.52 and a beta of 1.26.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Institutional Trading of Arrow Electronics

Several institutional investors have recently modified their holdings of the company. Creative Planning raised its position in Arrow Electronics by 1.1% in the 3rd quarter. Creative Planning now owns 11,189 shares of the technology company’s stock valued at $1,486,000 after purchasing an additional 123 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Arrow Electronics by 60.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,313 shares of the technology company’s stock worth $971,000 after purchasing an additional 2,748 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Arrow Electronics during the third quarter worth $317,000. International Assets Investment Management LLC acquired a new stake in shares of Arrow Electronics during the third quarter worth $54,170,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Arrow Electronics during the third quarter worth $88,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the subject of several recent analyst reports. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Raymond James dropped their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company reduced their price target on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Finally, Truist Financial lowered their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.