Inside Sale: Mary Morris Sold 8,000 Shares of Arrow Electronics, Inc. (NYSE:ARW)

November 28, 2016 - By Richard Conner

Inside Sale: Mary Morris Sold 8,000 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Mary Morris Insider Sell

The Chief Strategy Officer of Arrow Electronics Inc and corporation’s insider Mary Morris made a sale of 8,000 shares of the corporation based on the price of stock which is $67.8 per every share. These insider shares approx. $542,239 U.S Dollars. Dated November 28, 2016, this huge transaction by Mary Morris was made public in a filing that was filed together with the Security Exchange Commission. It is ready for use here. Mary Morris now has ownership of 16,085 shares which make up roughly 0.02% of the New York-based company’s market capitalization.

Arrow Electronics, Inc. (NYSE:ARW) Ratings Coverage

Out of 7 analysts covering Arrow Electronics Inc. (NYSE:ARW), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. $72 is the highest target while $53 is the lowest. The $62.25 average target is -8.60% below today’s ($68.11) stock price. Arrow Electronics Inc. has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Monday, March 14 to “Buy”. The stock of Arrow Electronics, Inc. (NYSE:ARW) earned “Outperform” rating by CLSA on Thursday, October 29. The firm has “Sell” rating by Citigroup given on Monday, May 2. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Hold” rating given on Monday, August 31 by Zacks. Longbow upgraded Arrow Electronics, Inc. (NYSE:ARW) on Friday, January 22 to “Buy” rating. The rating was upgraded by CLSA to “Buy” on Wednesday, July 29. On Monday, May 9 the stock rating was maintained by Goldman Sachs with “Buy”. The firm earned “Outperform” rating on Thursday, October 29 by Credit Agricole. The company was upgraded on Wednesday, July 29 by Credit Agricole. Bank of America initiated Arrow Electronics, Inc. (NYSE:ARW) on Wednesday, April 27 with “Buy” rating.

Insitutional Activity: The institutional sentiment decreased to 0.73 in Q2 2016. Its down 0.58, from 1.31 in 2016Q1. The ratio dived, as 26 funds sold all Arrow Electronics, Inc. shares owned while 106 reduced positions. 31 funds bought stakes while 142 increased positions. They now own 84.57 million shares or 7.10% less from 91.03 million shares in 2016Q1.

Macquarie Grp Ltd has 2,700 shares for 0% of their US portfolio. Moreover, Nomura Asset Mgmt Ltd has 0.02% invested in Arrow Electronics, Inc. (NYSE:ARW) for 14,286 shares. Amalgamated Savings Bank has 12,356 shares for 0.05% of their US portfolio. Diam Ltd has 0.05% invested in the company for 53,386 shares. Da Davidson & has invested 0% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Moreover, Finemark Savings Bank has 0% invested in Arrow Electronics, Inc. (NYSE:ARW) for 15 shares. Engineers Gate Manager Limited Partnership holds 0.4% or 89,571 shares in its portfolio. The Colorado-based Centurylink Inv Communication has invested 0.51% in Arrow Electronics, Inc. (NYSE:ARW). Alyeska Invest Grp Limited Partnership has 0.11% invested in the company for 180,966 shares. Quantitative Investment Mgmt Limited Liability reported 16,600 shares or 0.05% of all its holdings. Archford Strategies Ltd Liability Com last reported 10 shares in the company. Prudential Fincl has 0.1% invested in the company for 988,946 shares. Us National Bank De last reported 21,017 shares in the company. Bluemountain Cap Management Lc accumulated 24,625 shares or 0.04% of the stock. Jefferies Group Inc Limited Liability Company accumulated 0% or 3,611 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 5 insider sales for $7.60 million net activity. On Thursday, August 11 the insider Melvin Vincent P sold $168,033. On Tuesday, August 9 Tarpinian Gregory sold $66,400 worth of the stock or 1,000 shares. $2.97 million worth of Arrow Electronics, Inc. (NYSE:ARW) was sold by LONG MICHAEL J on Monday, August 22. Shares for $3.42 million were sold by REILLY PAUL J. $976,446 worth of Arrow Electronics, Inc. (NYSE:ARW) was sold by BRYANT ANDREW S.

About 76,229 shares traded hands. Arrow Electronics, Inc. (NYSE:ARW) has risen 7.49% since April 25, 2016 and is uptrending. It has outperformed by 1.47% the S&P500.

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 market cap of $6.15 billion. The Firm 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. It has a 12.24 P/E ratio. The Firm operates in two divisions: Global Components and Global Enterprise Computing Solutions.

According to Zacks Investment Research, “Arrow Electronics, Inc. is the world’s largest distributor of electronic components and computer products to industrial and commercial customers. The company is a major global provider of products, services, and solutions to industrial and commercial users of electronic components and computer products. The company offers sales, service, and technical support capabilities that not only enable the company to provide the most powerful line card to their customers, but to be their strategic business partner as well. Through a wide range of value-added services, the company assists their customers reduce their time to market, lower their total cost of ownership, and enhance their overall competitiveness.”

Analysts await Arrow Electronics, Inc. (NYSE:ARW) to report earnings on February, 2. They expect $2.01 earnings per share, up 3.61% or $0.07 from last year’s $1.94 per share. ARW’s profit will be $181.49M for 8.47 P/E if the $2.01 EPS becomes a reality. After $1.56 actual earnings per share reported by Arrow Electronics, Inc. for the previous quarter, Wall Street now forecasts 28.85% EPS growth.

More news for Arrow Electronics, Inc. (NYSE:ARW) were recently published by: Streetinsider.com, which released: “Form 4 ARROW ELECTRONICS INC For: Nov 23 Filed by: Morris Mary Catherine” on November 28, 2016. Businesswire.com‘s article titled: “Arrow Electronics’ Semi-Autonomous Car Hits Record 152 MPH With Quadriplegic ..” and published on May 22, 2016 is yet another important article.

ARW Company Profile

Arrow Electronics, Inc., incorporated on November 20, 1946, is a well-known provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Firm 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. The Firm operates in two divisions: Global Components and Global Enterprise Computing Solutions. The Firm distributes electronic components to original equipment manufacturers and contract manufacturers through its Global Components segment and provides enterprise computing solutions to value-added resellers (VARs) through its Global Enterprise Computing Solutions segment.

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