AQR Capital Management LLC Sells 56,563 Shares of Arrow Electronics, Inc. $ARW

Key Points

• AQR Capital Management LLC reduced its stake in Arrow Electronics by 5.3%, selling 56,563 shares and now holds 1,002,025 shares valued at approximately $103.37 million.
• Bank of America has raised its price target for Arrow Electronics from $105.00 to $110.00 while maintaining an "underperform" rating, amidst mixed ratings from other analysts.
• CEO Sean J. Kerins purchased 8,630 shares at an average price of $114.91 per share, reflecting confidence in the company's future performance.

AQR Capital Management LLC decreased its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 5.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,002,025 shares of the technology company's stock after selling 56,563 shares during the period. AQR Capital Management LLC owned about 1.93% of Arrow Electronics worth $103,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Operose Advisors LLC purchased a new position in shares of Arrow Electronics during the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC grew its holdings in shares of Arrow Electronics by 111.7% during the 1st 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 during the period. Quarry LP grew its holdings in shares of Arrow Electronics by 321.7% during the 1st quarter. Quarry LP now owns 388 shares of the technology company's stock worth $40,000 after acquiring an additional 296 shares during the period. Twin Tree Management LP purchased a new position in shares of Arrow Electronics during the 1st quarter worth approximately $92,000. Finally, Covestor Ltd boosted its position in shares of Arrow Electronics by 14.9% in the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock worth $116,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

ARW stock traded up $0.24 during trading on Tuesday, reaching $126.34. The company's stock had a trading volume of 451,965 shares, compared to its average volume of 539,256. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6.51 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09. The company's fifty day moving average is $126.75 and its 200-day moving average is $117.23.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America upped their price objective on 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 investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Arrow Electronics currently has a consensus rating of "Reduce" and an average target price of $115.75.

Insider Activity

In related news, CEO Sean J. Kerins purchased 8,630 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer owned 122,408 shares in the company, valued at approximately $14,065,903.28. The trade was a 7.58% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the transaction, the senior vice president owned 17,057 shares of the company's stock, valued at approximately $2,125,984.48. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

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.