Atria Investments Inc Decreases Stock Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Atria Investments cut its Arrow Electronics stake by 58.5% in the second quarter, selling 54,645 shares and retaining 38,710 shares worth approximately $8.3 million. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported quarterly EPS of $5.45, exceeding estimates of $4.45, while revenue rose 31.8% year over year to $9.99 billion. The company issued third-quarter EPS guidance of $4.83–$5.03.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $233.25. Arrow also authorized a $1 billion share-repurchase program, covering up to 9.7% of outstanding shares.

Atria Investments Inc lowered its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 58.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,710 shares of the technology company's stock after selling 54,645 shares during the quarter. Atria Investments Inc owned 0.08% of Arrow Electronics worth $8,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ACR Alpine Capital Research LLC raised its position in Arrow Electronics by 42.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company's stock worth $379,635,000 after purchasing an additional 1,028,778 shares during the period. AQR Capital Management LLC grew its stake in shares of Arrow Electronics by 37.7% during the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company's stock valued at $384,818,000 after buying an additional 871,585 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Arrow Electronics by 1,412.3% during the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company's stock valued at $45,115,000 after buying an additional 382,385 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Arrow Electronics in the second quarter worth approximately $72,308,000. Finally, FIL Ltd lifted its stake in shares of Arrow Electronics by 33.8% during the 4th quarter. FIL Ltd now owns 1,231,833 shares of the technology company's stock worth $135,723,000 after acquiring an additional 310,936 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Eric Nowak sold 3,473 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider owned 48,835 shares of the company's stock, valued at approximately $10,303,696.65. This represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.00, for a total transaction of $648,000.00. Following the transaction, the senior vice president owned 12,626 shares in the company, valued at approximately $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Truist Financial lowered their target price on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Zacks Research cut shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $233.25.

Arrow Electronics Trading Down 0.6%

Shares of NYSE ARW opened at $209.08 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $214.33 and a two-hundred day simple moving average of $183.63. The firm has a market cap of $10.64 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.45 by $1.00. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business's revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Analysts expect that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Arrow Electronics Profile

Arrow Electronics NYSE: ARW is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.

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