Arrow Electronics, Inc. (NYSE:ARW – Get Free Report) Director William F. Austen bought 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Arrow Electronics Stock Performance
ARW stock opened at $104.74 on Friday. The business’s 50-day moving average price is $111.47 and its two-hundred day moving average price is $120.31. 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 firm has a market cap of $5.46 billion, a PE ratio of 14.39, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80.
Arrow Electronics (NYSE:ARW – Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping the consensus estimate 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 forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. bought a new position in Arrow Electronics during the fourth quarter worth about $25,000. True Wealth Design LLC bought a new stake in shares of Arrow Electronics in the third quarter valued at about $31,000. Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics in the fourth quarter valued at about $31,000. Brooklyn Investment Group bought a new stake in shares of Arrow Electronics in the third quarter valued at about $40,000. Finally, New Age Alpha Advisors LLC bought 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.
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