Pzena Investment Management LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 125,168 shares of the technology company's stock, valued at approximately $26,712,000. Pzena Investment Management LLC owned about 0.24% of Arrow Electronics at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayban bought a new position in Arrow Electronics in the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its position in Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company's stock valued at $27,000 after acquiring an additional 131 shares during the period. Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics during the fourth quarter valued at $27,000. Advisory Services Network LLC acquired a new position in shares of Arrow Electronics during the third quarter worth $31,000. Finally, Quarry LP bought a new stake in shares of Arrow Electronics in the third quarter worth $33,000. 99.34% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ARW. Wells Fargo & Company raised their target price on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Truist Financial reduced their price target on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Zacks Research cut Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $233.25.
Check Out Our Latest Stock Analysis on Arrow Electronics
Insider Transactions at Arrow Electronics
In related news, insider Eric Nowak sold 3,473 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the completion of the sale, the insider owned 48,835 shares of the company's stock, valued at $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the sale, the senior vice president owned 12,626 shares of the company's stock, valued at approximately $2,727,216. The trade was a 19.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by insiders.
Arrow Electronics Price Performance
Shares of NYSE ARW opened at $220.60 on Tuesday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The firm has a fifty day simple moving average of $214.24 and a 200 day simple moving average of $185.00. The company has a market capitalization of $11.23 billion, a PE ratio of 14.10, a P/E/G ratio of 0.33 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.
Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. Arrow Electronics's revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current year.
Arrow Electronics announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 9.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
About Arrow Electronics
(
Free Report)
Arrow Electronics NYSE: ARW is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.
In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.
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