Russell Investments Group Ltd. Raises Position in Arrow Electronics, Inc. $ARW

Key Points

• Russell Investments Group Ltd. increased its stake in Arrow Electronics by 73.1% during the first quarter, owning approximately 0.16% of the company valued at $8.81 million.
• Arrow Electronics recently reported an EPS of $2.43 for the quarter, exceeding analysts' expectations, along with a revenue of $7.58 billion.
• The company received a rating upgrade from Wall Street Zen from "hold" to "buy," despite having a consensus rating of "Reduce" with an average target price of $115.75.

Russell Investments Group Ltd. boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 73.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,876 shares of the technology company's stock after buying an additional 35,856 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Arrow Electronics worth $8,813,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in Arrow Electronics during the 1st quarter worth $31,000. Golden State Wealth Management LLC raised its stake in 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 in the last quarter. Covestor Ltd raised its stake in Arrow Electronics by 14.9% during the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock worth $116,000 after acquiring an additional 145 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Arrow Electronics during the 1st quarter worth $120,000. Finally, Lindbrook Capital LLC raised its stake in Arrow Electronics by 300.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock worth $161,000 after acquiring an additional 1,163 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ARW shares. Bank of America lifted their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the stock 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 research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Arrow Electronics currently has an average rating of "Reduce" and a consensus target price of $115.75.

Arrow Electronics Stock Performance

Arrow Electronics stock traded down $1.1260 during midday trading on Monday, hitting $128.9440. 287,813 shares of the company's stock were exchanged, compared to its average volume of 543,519. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month 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 cap of $6.64 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The firm's 50 day simple moving average is $126.64 and its 200 day simple moving average is $116.06.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $7.12 billion. During the same period last year, the firm posted $2.78 EPS. Arrow Electronics's revenue for the quarter was up 10.0% on a year-over-year basis. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. Equities research analysts predict that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling at Arrow Electronics

In other news, CEO Sean J. Kerins bought 8,630 shares of the stock in a transaction dated Friday, August 1st. The shares were acquired at an average price 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 in the company, valued at approximately $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of Arrow Electronics stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the sale, the senior vice president directly owned 17,057 shares in the company, valued at approximately $2,125,984.48. The trade was 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.

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.