ARGA Investment Management LP Buys 278,084 Shares of Arrow Electronics, Inc. $ARW

Key Points

• ARGA Investment Management LP increased its stake in Arrow Electronics by 94.7% during the second quarter, owning a total of 571,645 shares, valued at approximately $72.85 million.
• CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics at an average price of $114.91, raising his total holdings to 122,408 shares valued at about $14.07 million.
• The company's latest earnings report showed a profit of $2.43 per share, exceeding analysts' expectations, with revenue of $7.58 billion for the quarter, marking a 10% year-over-year increase.

ARGA Investment Management LP increased its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 94.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,645 shares of the technology company's stock after buying an additional 278,084 shares during the period. Arrow Electronics accounts for 2.0% of ARGA Investment Management LP's portfolio, making the stock its 15th largest position. ARGA Investment Management LP owned approximately 1.10% of Arrow Electronics worth $72,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. DnB Asset Management AS raised 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 worth $71,129,000 after buying an additional 129,986 shares in the last quarter. Northern Trust Corp increased its stake in shares of Arrow Electronics by 6.3% during the first quarter. Northern Trust Corp now owns 672,375 shares of the technology company's stock valued at $69,813,000 after purchasing an additional 40,120 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Arrow Electronics by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 509,679 shares of the technology company's stock valued at $52,920,000 after purchasing an additional 10,772 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Arrow Electronics by 1.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 369,940 shares of the technology company's stock valued at $38,411,000 after purchasing an additional 6,293 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Arrow Electronics during the first quarter valued at approximately $35,598,000. 99.34% of the stock is owned by institutional investors.

Insider Transactions at Arrow Electronics

In related news, CEO Sean J. Kerins bought 8,630 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the acquisition, the chief executive officer owned 122,408 shares of the company's stock, valued at $14,065,903.28. This trade represents a 7.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Trading Up 0.8%

Shares of ARW stock opened at $121.06 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 current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average is $123.10 and its 200 day moving average is $120.83. The stock has a market capitalization of $6.23 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.57 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the company posted $2.78 earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. Research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on ARW shares. Zacks Research raised shares of Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Finally, 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $115.75.

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.

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