32,201 Shares in Arrow Electronics, Inc. $ARW Acquired by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia acquired 32,201 Arrow Electronics shares worth approximately $6.87 million in the second quarter, while institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported strong quarterly results, with EPS of $5.45 surpassing estimates by $1.00 and revenue rising 31.8% year over year to $9.99 billion. The company also authorized a $1 billion share repurchase program.
• Analyst sentiment remains mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $233.25, compared with the stock’s opening price of $202.72.

Bank of Nova Scotia acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,201 shares of the technology company's stock, valued at approximately $6,872,000. Bank of Nova Scotia owned about 0.06% of Arrow Electronics as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kendall Capital Management bought a new stake in Arrow Electronics during the 2nd quarter worth about $5,315,000. Commerce Bank bought a new position in shares of Arrow Electronics in the second quarter worth about $747,000. Pinnbrook Capital Management LP acquired a new position in shares of Arrow Electronics during the second quarter worth approximately $5,058,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Arrow Electronics during the second quarter worth approximately $88,000. Finally, Quantbot Technologies LP bought a new stake in shares of Arrow Electronics during the second quarter valued at approximately $5,410,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Stock Performance

ARW stock opened at $202.72 on Wednesday. The business's fifty day moving average is $212.22 and its 200-day moving average is $188.10. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company has a market cap of $10.32 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.31 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same period last year, the company posted $2.43 EPS. Arrow Electronics's revenue for the quarter was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities research analysts forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics announced that its board has initiated a share repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARW. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Zacks Research downgraded Arrow Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial lowered their target price on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, Wells Fargo & Company boosted 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $233.25.

Arrow Electronics Company Profile

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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