Arrow Electronics Inc (NYSE:ARW) recently witnessed an insider sell by Richard Marano, the President of Global Components. According to the SEC Filing dated February 28, 2024, the insider sold 1,900 shares of the company.
Arrow Electronics Inc is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company operates a network of distribution facilities around the world, which serves as a supply channel partner for over 150,000 original equipment manufacturers, contract manufacturers, and commercial customers.
Over the past year, Richard Marano has engaged in the sale of 1,900 shares and has not made any purchases of the company's stock. This latest transaction continues the trend observed over the past year, where there have been no insider buys and a total of 9 insider sells for Arrow Electronics Inc.
On the day of the transaction, shares of Arrow Electronics Inc were trading at $116.46, resulting in a market capitalization of $6.323 billion. The company's price-earnings ratio stands at 7.44, which is below both the industry median of 23.17 and the company's historical median price-earnings ratio.
The stock's valuation, when compared to the GuruFocus Value (GF Value) of $137.75, indicates a price-to-GF-Value ratio of 0.85. This suggests that Arrow Electronics Inc is modestly undervalued.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sell activity may provide investors with an insight into the insider's perspective on the stock's current valuation and future prospects. However, investors are always encouraged to conduct their own due diligence before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
