Algert Global LLC Purchases New Stake in Arrow Electronics, Inc. $ARW

Key Points

• Algert Global LLC acquired 11,120 shares of Arrow Electronics, valued at approximately $1,155,000, marking a notable addition to their investment portfolio.
• Arrow Electronics reported significant quarterly earnings, with $2.43 earnings per share, exceeding estimates and showing a year-on-year revenue increase of 10.0%, totaling $7.58 billion.
• The stock received upgrades from analysts, with a shift from a "hold" to a "buy" rating by Wall Street Zen, amid mixed ratings from other financial institutions.

Algert Global LLC purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,120 shares of the technology company's stock, valued at approximately $1,155,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in Arrow Electronics in the 1st quarter valued at $31,000. Golden State Wealth Management LLC increased its holdings in Arrow Electronics by 111.7% during the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Covestor Ltd increased its holdings in Arrow Electronics by 14.9% during the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock valued at $116,000 after acquiring an additional 145 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Arrow Electronics during the 1st quarter valued at about $120,000. Finally, Lindbrook Capital LLC increased its holdings in Arrow Electronics by 300.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock valued at $161,000 after acquiring an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other Arrow Electronics news, CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $114.91 per share, with a total value of $991,673.30. Following the completion of the transaction, the chief executive officer directly owned 122,408 shares in the company, valued at approximately $14,065,903.28. This represents a 7.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares in the company, valued at approximately $2,125,984.48. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Arrow Electronics Trading Up 0.5%

Arrow Electronics stock traded up $0.66 during trading on Wednesday, reaching $127.67. The company had a trading volume of 291,741 shares, compared to its average volume of 544,159. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The stock's 50 day moving average price is $126.70 and its two-hundred day moving average price is $116.14. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.40. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm earned $2.78 earnings per share. Arrow Electronics's revenue was up 10.0% compared to the same quarter last year. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. As a group, equities analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ARW shares. Wall Street Zen upgraded shares of Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America lifted their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $115.75.

About Arrow Electronics

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.