Algert Global LLC Takes $1.16 Million Position 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 position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,120 shares of the technology company's stock, valued at approximately $1,155,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Arrow Electronics by 33.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,864 shares of the technology company's stock valued at $1,232,000 after buying an additional 2,982 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Arrow Electronics by 111.7% during the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after acquiring an additional 200 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Arrow Electronics in the 1st quarter valued at $356,000. GAMMA Investing LLC boosted its stake in shares of Arrow Electronics by 201.3% in the 1st quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company's stock valued at $270,000 after purchasing an additional 1,735 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Arrow Electronics by 7.8% during the 1st quarter. LPL Financial LLC now owns 34,386 shares of the technology company's stock worth $3,570,000 after purchasing an additional 2,475 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Arrow Electronics

In other news, CEO Sean J. Kerins bought 8,630 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $114.91 per share, with a total value of $991,673.30. Following the transaction, the chief executive officer owned 122,408 shares in the company, valued at $14,065,903.28. This represents a 7.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the sale, the senior vice president owned 17,057 shares in the company, valued at $2,125,984.48. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Arrow Electronics Trading Down 1.0%

NYSE:ARW traded down $1.22 during trading hours on Thursday, hitting $126.56. The stock had a trading volume of 72,853 shares, compared to its average volume of 542,719. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 0.60 and a beta of 1.10. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. The business's 50 day moving average is $126.79 and its 200-day moving average is $116.22.

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

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.