Charles Kostalnick II Sells 700 Shares of Arrow Electronics, Inc. (ARW) Stock

Arrow Electronics, Inc. (NYSE:ARW) insider Charles Kostalnick II sold 700 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $74.37, for a total transaction of $52,059.00. Following the completion of the sale, the insider now owns 12,780 shares in the company, valued at $950,448.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

NYSE ARW opened at $74.54 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $6.49 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.95 and a beta of 1.16. Arrow Electronics, Inc. has a 12 month low of $64.04 and a 12 month high of $87.26.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, November 1st. The technology company reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. The firm had revenue of $7.49 billion for the quarter, compared to the consensus estimate of $7.40 billion. Arrow Electronics had a net margin of 1.84% and a return on equity of 15.12%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. On average, research analysts forecast that Arrow Electronics, Inc. will post 8.82 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of ARW. Qube Research & Technologies Ltd purchased a new position in shares of Arrow Electronics in the 2nd quarter valued at $103,000. ELM Advisors LLC purchased a new position in Arrow Electronics during the 3rd quarter worth $109,000. Cerebellum GP LLC purchased a new position in Arrow Electronics during the 3rd quarter worth $168,000. GWM Advisors LLC purchased a new position in Arrow Electronics during the 2nd quarter worth $200,000. Finally, UMB Bank N A MO purchased a new position in Arrow Electronics during the 2nd quarter worth $202,000. 92.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Arrow Electronics from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Arrow Electronics from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Wells Fargo & Co initiated coverage on shares of Arrow Electronics in a research report on Tuesday, July 17th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, Citigroup increased their target price on shares of Arrow Electronics from $72.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Arrow Electronics has an average rating of “Buy” and a consensus price target of $86.00.

TRADEMARK VIOLATION NOTICE: This story was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.wkrb13.com/2018/11/10/charles-kostalnick-ii-sells-700-shares-of-arrow-electronics-inc-arw-stock.html.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.

Read More: How much money do you need to begin day trading?

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

Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply