Arrow Electronics, Inc. $ARW Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Arrow Electronics by 186.2%, owning 33,960 shares valued at approximately $4.49 million after purchasing an additional 22,096 shares in the 2nd quarter.
• CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics, increasing his ownership by 7.58% and holding a total of 122,408 shares valued over $14 million.
• Bank of America raised its price target on Arrow Electronics from $105 to $110, while Wall Street Zen upgraded its rating from "hold" to "buy," indicating a mixed outlook among analysts.

Wealth Enhancement Advisory Services LLC grew its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 186.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,960 shares of the technology company's stock after purchasing an additional 22,096 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Arrow Electronics worth $4,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC grew its stake in Arrow Electronics by 4.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock worth $274,000 after buying an additional 106 shares during the last quarter. Net Worth Advisory Group grew its stake in shares of Arrow Electronics by 1.8% during the first quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock worth $698,000 after acquiring an additional 117 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Arrow Electronics by 2.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company's stock valued at $507,000 after acquiring an additional 121 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Arrow Electronics by 6.4% in the 1st quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock valued at $210,000 after purchasing an additional 122 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in Arrow Electronics by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,577 shares of the technology company's stock worth $683,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other news, CEO Sean J. Kerins acquired 8,630 shares of the company's 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 purchase, the chief executive officer directly owned 122,408 shares of the company's stock, valued at $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America upped their price target on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen upgraded Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Arrow Electronics presently has a consensus rating of "Reduce" and an average price target of $115.75.

Arrow Electronics Trading Down 1.7%

NYSE ARW opened at $118.86 on Friday. The company has a fifty day moving average of $124.78 and a 200 day moving average of $118.55. The company has a market capitalization of $6.12 billion, a PE ratio of 13.45, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80.

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, beating the consensus estimate of $2.03 by $0.40. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The business had revenue of $7.58 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $2.78 EPS. The company'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. Research analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

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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