Arrow Electronics, Inc. $ARW Shares Newly Bought by SummerHaven Investment Management LLC

Key Points

• SummerHaven Investment Management initiated a 6,453-share position in Arrow Electronics valued at approximately $1.47 million, while institutional investors collectively own 99.34% of the company.
• Analysts maintain a generally positive outlook, with Arrow receiving a consensus “Moderate Buy” rating and an average price target of $233.25. Recent ratings include upgrades from Zacks Research and Weiss Ratings.
• Arrow reported quarterly earnings of $5.45 per share, exceeding expectations by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The stock recently opened at $213.86, below the consensus price target.

SummerHaven Investment Management LLC bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,453 shares of the technology company's stock, valued at approximately $1,465,000. Arrow Electronics makes up 1.0% of SummerHaven Investment Management LLC's holdings, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARW. BlackRock Inc. bought a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC increased its position in shares of Arrow Electronics by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company's stock valued at $513,166,000 after purchasing an additional 132,720 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Arrow Electronics by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company's stock valued at $431,280,000 after purchasing an additional 11,894 shares during the period. State Street Corp increased its position in shares of Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company's stock valued at $361,645,000 after purchasing an additional 8,238 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Arrow Electronics in the second quarter valued at $270,981,000. 99.34% of the stock is currently owned by institutional investors.

Insider Activity at Arrow Electronics

In other news, SVP Carine Jean-Claude sold 1,000 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the sale, the senior vice president owned 11,626 shares of the company's stock, valued at approximately $2,439,716.10. This represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ARW shares. Truist Financial reduced their target price on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Wall Street Zen lowered shares of Arrow Electronics from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 19th. Zacks Research upgraded shares of Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 1st. Weiss Ratings raised shares of Arrow Electronics from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.25.

Arrow Electronics Price Performance

Shares of ARW stock opened at $213.86 on Friday. The stock's fifty day simple moving average is $218.05 and its 200 day simple moving average is $207.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.31 and a beta of 1.16. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $249.43.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%. The firm had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $9.67 billion. During the same period in the prior year, the business posted $2.43 earnings per share. The business's revenue was up 31.8% compared to the same quarter last year. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, analysts expect that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Arrow Electronics Profile

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing products. The company connects manufacturers with industrial and commercial customers, supplying semiconductors, embedded components, and related technologies used in products such as automotive systems, communications equipment, industrial machinery, and consumer electronics.

Through its enterprise computing business, Arrow provides data-center and information-technology products and services, including servers, storage, networking equipment, software, cloud solutions, and security technologies.

Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.