Allianz Asset Management GmbH increased its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 13.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,186 shares of the technology company's stock after buying an additional 38,803 shares during the period. Allianz Asset Management GmbH owned about 0.62% of Arrow Electronics worth $41,311,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised 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 purchasing an additional 2,982 shares during the last quarter. Caxton Associates LLP acquired a new position in Arrow Electronics in the 1st quarter valued at about $501,000. Golden State Wealth Management LLC raised its stake in Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new position in Arrow Electronics in the 1st quarter valued at about $356,000. Finally, OMNI 360 Wealth Inc. acquired a new position in Arrow Electronics in the 2nd quarter valued at about $263,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on ARW shares. Weiss Ratings reissued a "hold (c)" rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $115.75.
Get Our Latest Report on ARW
Insider Activity at Arrow Electronics
In related news, CEO Sean J. Kerins acquired 8,630 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $114.91 per share, with a total value of $991,673.30. Following the purchase, the chief executive officer directly owned 122,408 shares in the company, valued at $14,065,903.28. The trade was a 7.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Arrow Electronics Trading Up 0.9%
NYSE ARW opened at $119.10 on Friday. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The company has a 50-day moving average of $123.20 and a 200-day moving average of $120.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market cap of $6.13 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.56 and a beta of 1.09.
Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company posted $2.78 EPS. The company's quarterly 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 predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.
Arrow Electronics Profile
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Free Report)
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.
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