Arrow Electronics, Inc. (NYSE:ARW) insider Sean J. Kerins sold 4,477 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $77.16, for a total transaction of $345,445.32. Following the completion of the transaction, the insider now owns 26,213 shares in the company, valued at $2,022,595.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Arrow Electronics, Inc. (NYSE ARW) opened at 77.31 on Wednesday. The company’s 50-day moving average is $79.07 and its 200 day moving average is $75.52. Arrow Electronics, Inc. has a 52 week low of $58.51 and a 52 week high of $84.53. The stock has a market capitalization of $6.82 billion, a P/E ratio of 14.14 and a beta of 1.13.

Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, August 3rd. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $6.47 billion during the quarter, compared to analysts’ expectations of $6.23 billion. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. On average, equities analysts forecast that Arrow Electronics, Inc. will post $7.32 EPS for the current fiscal year.

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Several equities research analysts recently weighed in on ARW shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $81.00 target price (up from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. Stifel Nicolaus upped their target price on shares of Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. BidaskClub downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $76.00.

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of Arrow Electronics by 489.5% in the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after buying an additional 1,170 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Arrow Electronics by 776.0% in the second quarter. NEXT Financial Group Inc now owns 2,190 shares of the technology company’s stock worth $172,000 after buying an additional 1,940 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Arrow Electronics by 11.0% in the first quarter. Meeder Asset Management Inc. now owns 2,564 shares of the technology company’s stock worth $188,000 after buying an additional 255 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Arrow Electronics by 87.2% in the first quarter. Nordea Investment Management AB now owns 2,680 shares of the technology company’s stock worth $197,000 after buying an additional 1,248 shares during the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of Arrow Electronics during the first quarter worth about $200,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

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 various electronic components and enterprise computing solutions suppliers.

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

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