Avior Wealth Management LLC Takes $701,000 Position in Arrow Electronics, Inc. $ARW

Key Points

• Avior Wealth Management LLC has acquired a new position in Arrow Electronics, buying 5,500 shares valued at approximately $701,000 in the second quarter.
• CEO Sean J. Kerins purchased 8,630 shares for around $991,673, increasing his total ownership in the company by 7.58%.
• Arrow Electronics reported strong Q2 earnings of $2.43 per share, exceeding estimates, with revenues of $7.58 billion. Analysts project an average earnings estimate of 10.57 EPS for the current fiscal year.

Avior Wealth Management LLC bought a new position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,500 shares of the technology company's stock, valued at approximately $701,000.

Several other hedge funds have also recently bought and sold shares of ARW. Farther Finance Advisors LLC grew its stake in Arrow Electronics by 84.2% during the second quarter. Farther Finance Advisors LLC now owns 221 shares of the technology company's stock worth $28,000 after buying an additional 101 shares during the period. Beverly Hills Private Wealth LLC boosted its position 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 purchasing an additional 106 shares during the period. Net Worth Advisory Group increased its holdings in Arrow Electronics by 1.8% in the 1st quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock valued at $698,000 after purchasing an additional 117 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Arrow Electronics by 2.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company's stock valued at $507,000 after purchasing an additional 121 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Arrow Electronics by 6.4% during the first quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock worth $210,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sean J. Kerins acquired 8,630 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost 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 $14,065,903.28. This represents a 7.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Arrow Electronics Stock Performance

Arrow Electronics stock opened at $120.66 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $124.40 and a 200-day moving average of $119.01. The stock has a market cap of $6.21 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Arrow Electronics, Inc. has a 52 week low of $86.50 and a 52 week high of $137.80.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.40. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.12 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $2.78 EPS. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. On average, analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ARW shares. Bank of America increased their target price on 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 raised shares of Arrow Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $115.75.

Arrow Electronics Company 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.

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