Ieq Capital LLC Increases Stake in Arrow Electronics, Inc. $ARW

Key Points

• Ieq Capital LLC significantly increased its holdings in Arrow Electronics by 100%, owning 17,445 shares worth approximately $1.81 million after acquiring additional shares in the first quarter of 2023.
• CEO Sean J. Kerins bought 8,630 shares at an average cost of $114.91, increasing his share ownership by 7.58% and bringing his total holdings to 122,408 shares valued at about $14.07 million.
• Arrow Electronics reported earnings of $2.43 per share for the most recent quarter, exceeding market expectations and showing a year-over-year revenue increase of 10% to $7.58 billion.

Ieq Capital LLC lifted its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 100.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,445 shares of the technology company's stock after purchasing an additional 8,722 shares during the quarter. Ieq Capital LLC's holdings in Arrow Electronics were worth $1,811,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ARW. Greenhaven Associates Inc. grew its stake in shares of Arrow Electronics by 0.5% during the first quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock worth $198,705,000 after purchasing an additional 8,900 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Arrow Electronics by 163.7% during the fourth quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock worth $133,089,000 after purchasing an additional 730,408 shares in the last quarter. Northern Trust Corp raised its holdings in Arrow Electronics by 6.3% during the first quarter. Northern Trust Corp now owns 672,375 shares of the technology company's stock worth $69,813,000 after purchasing an additional 40,120 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $52,920,000 after purchasing an additional 10,772 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in 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 worth $38,411,000 after purchasing an additional 6,293 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

ARW traded up $0.70 during trading on Friday, hitting $127.40. The stock had a trading volume of 426,694 shares, compared to its average volume of 408,545. 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 firm has a market capitalization of $6.56 billion, a P/E ratio of 14.41, a PEG ratio of 0.60 and a beta of 1.09. The company's 50-day moving average price is $126.78 and its 200 day moving average price is $117.10. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80.

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

Insider Activity

In related news, CEO Sean J. Kerins bought 8,630 shares of the stock in a transaction on Friday, August 1st. The shares were bought at an average cost 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 of the company's stock, valued at $14,065,903.28. This represents a 7.58% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the transaction, the senior vice president owned 17,057 shares in the company, valued at $2,125,984.48. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on ARW shares. Bank of America raised their price objective on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. Wall Street Zen raised shares of 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 issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $115.75.

Arrow Electronics Company 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.