4,221 Shares in Arrow Electronics, Inc. $ARW Bought by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC purchased a new position in Arrow Electronics, acquiring 4,221 shares valued at approximately $538,000.
• CEO Sean J. Kerins bought 8,630 shares for nearly $992,000, increasing his ownership stake by 7.58%.
• Arrow Electronics reported $2.43 EPS for the last quarter, exceeding estimates and achieving a revenue of $7.58 billion, up 10% from the previous year.

Park Avenue Securities LLC bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,221 shares of the technology company's stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alyeska Investment Group L.P. acquired a new position in Arrow Electronics in the first quarter valued at $35,598,000. ARGA Investment Management LP boosted its stake in Arrow Electronics by 273.3% in the first quarter. ARGA Investment Management LP now owns 293,561 shares of the technology company's stock valued at $30,480,000 after acquiring an additional 214,926 shares in the last quarter. DnB Asset Management AS boosted its stake in Arrow Electronics by 23.4% in the first quarter. DnB Asset Management AS now owns 685,051 shares of the technology company's stock valued at $71,129,000 after acquiring an additional 129,986 shares in the last quarter. Nuveen LLC acquired a new position in Arrow Electronics in the first quarter valued at $11,634,000. Finally, Jane Street Group LLC boosted its stake in Arrow Electronics by 102.5% in the first quarter. Jane Street Group LLC now owns 192,500 shares of the technology company's stock valued at $19,987,000 after acquiring an additional 97,460 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

ARW has been the subject of several research analyst reports. Bank of America upped their price objective on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen upgraded shares of Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $115.75.

Insider Transactions at Arrow Electronics

In other news, CEO Sean J. Kerins purchased 8,630 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $114.91 per share, with a total value of $991,673.30. Following the completion of the acquisition, the chief executive officer directly owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. This trade represents a 7.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $120.98 on Monday. The company has a 50-day simple moving average of $124.59 and a 200-day simple moving average of $118.89. 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 stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.57 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported $2.43 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 business had revenue of $7.58 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the company earned $2.78 earnings per share. The business'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. On average, analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Arrow Electronics Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.