Arrow Electronics, Inc. $ARW Stock: Crossmark Global Holdings Inc. Increases Stake

Key Points

• Crossmark Global Holdings increased its Arrow Electronics stake by 170.8% in the third quarter, bringing its holdings to 19,417 shares valued at approximately $4.4 million. Institutional investors collectively own 99.34% of the company’s stock.
• Arrow reported quarterly earnings of $5.45 per share, exceeding estimates by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The stock opened at $209.84, with a market capitalization of about $10.68 billion.
• Analysts maintain a generally positive view, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $233.25, although one analyst rates it underweight. An insider separately sold 1,000 shares, while insider ownership stands at 0.80%.

Crossmark Global Holdings Inc. raised its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 170.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,417 shares of the technology company's stock after buying an additional 12,247 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Arrow Electronics were worth $4,408,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Arrow Electronics during the 2nd quarter worth about $1,070,534,000. ACR Alpine Capital Research LLC boosted its holdings in 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 worth $513,166,000 after purchasing an additional 132,720 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Arrow Electronics by 0.4% in 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 acquiring an additional 11,894 shares during the last quarter. State Street Corp grew its holdings in Arrow Electronics by 0.5% during the second quarter. State Street Corp now owns 1,694,603 shares of the technology company's stock worth $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 during the 2nd quarter worth approximately $270,981,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Arrow Electronics Trading Up 0.2%

NYSE:ARW opened at $209.84 on Friday. The firm has a market capitalization of $10.68 billion, a P/E ratio of 11.99, a PEG ratio of 0.31 and a beta of 1.16. 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 company's 50-day simple moving average is $218.60 and its 200 day simple moving average is $209.73. 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 released its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, topping the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same period last year, the firm earned $2.43 earnings per share. The company's quarterly revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, analysts forecast that Arrow Electronics, Inc. will post 21.24 EPS for the current fiscal year.

Insider Transactions at Arrow Electronics

In related news, SVP Carine Jean-Claude sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the transaction, the senior vice president owned 11,626 shares in the company, valued at approximately $2,439,716.10. This represents a 7.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ARW shares. Wall Street Zen cut Arrow Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 19th. Truist Financial lowered their target price on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Finally, Zacks Research raised Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $233.25.

About Arrow Electronics

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.

Arrow's components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.

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