Arrow Electronics Inc. (NYSE:ARW) insider Mary Catherine Morris sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $67.78, for a total transaction of $542,240.00. Following the completion of the transaction, the insider now directly owns 22,166 shares of the company’s stock, valued at $1,502,411.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Arrow Electronics Inc. (NYSE:ARW) opened at 68.23 on Tuesday. The stock has a 50 day moving average of $63.24 and a 200-day moving average of $64.13. Arrow Electronics Inc. has a one year low of $45.23 and a one year high of $68.75. The company has a market capitalization of $6.11 billion, a PE ratio of 12.26 and a beta of 1.23.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, November 3rd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. Arrow Electronics had a net margin of 2.14% and a return on equity of 13.95%. The business earned $5.94 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the firm earned $1.40 earnings per share. Arrow Electronics’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Arrow Electronics Inc. will post $6.63 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Arrow Electronics (NYSE:ARW)

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A number of institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Arrow Electronics by 37.3% in the second quarter. AQR Capital Management LLC now owns 1,883,997 shares of the company’s stock worth $116,619,000 after buying an additional 511,638 shares in the last quarter. GMT Capital Corp increased its stake in Arrow Electronics by 40.6% in the third quarter. GMT Capital Corp now owns 1,434,930 shares of the company’s stock valued at $91,792,000 after buying an additional 414,230 shares during the period. Boston Partners increased its stake in Arrow Electronics by 6.6% in the second quarter. Boston Partners now owns 5,826,500 shares of the company’s stock valued at $360,660,000 after buying an additional 358,680 shares during the period. Vanguard Group Inc. increased its stake in Arrow Electronics by 4.2% in the second quarter. Vanguard Group Inc. now owns 6,978,768 shares of the company’s stock valued at $431,986,000 after buying an additional 280,549 shares during the period. Finally, James Investment Research Inc. increased its stake in Arrow Electronics by 56.5% in the second quarter. James Investment Research Inc. now owns 589,284 shares of the company’s stock valued at $36,476,000 after buying an additional 212,808 shares during the period. 95.26% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on ARW shares. Brean Capital set a $70.00 target price on shares of Arrow Electronics and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. lowered shares of Arrow Electronics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $72.00 to $63.00 in a research note on Tuesday, September 20th. reaffirmed an “outperform” rating on shares of Arrow Electronics in a research note on Friday, November 4th. Finally, Citigroup Inc. increased their price objective on shares of Arrow Electronics from $48.00 to $57.00 and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $63.33.

About Arrow Electronics

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions and tools for industrial and commercial customers.

5 Day Chart for NYSE:ARW

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