Blue Grotto Capital LLC Decreases Stock Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Blue Grotto Capital LLC cut its stake in Arrow Electronics by 64.1% in Q3, selling 106,055 shares and ending the quarter with 59,413 shares worth about $7.19 million (0.8% of the fund and its 26th largest holding).
• Several major institutions — including AQR, Boston Partners, Envestnet, ACR Alpine and Vanguard — significantly increased their Arrow positions recently, and institutional ownership is about 99.34%.
• Arrow reported a strong quarter with EPS $4.39 (beat) and revenue up 20.1%, but analyst views are mixed: the consensus rating is "Hold" with a consensus price target of $124.33.

Blue Grotto Capital LLC lowered its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 64.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,413 shares of the technology company's stock after selling 106,055 shares during the period. Arrow Electronics accounts for approximately 0.8% of Blue Grotto Capital LLC's portfolio, making the stock its 26th largest position. Blue Grotto Capital LLC owned 0.12% of Arrow Electronics worth $7,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Arrow Electronics by 130.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,313,997 shares of the technology company's stock worth $294,873,000 after acquiring an additional 1,311,972 shares in the last quarter. Boston Partners raised its position in shares of Arrow Electronics by 12.5% during the 2nd quarter. Boston Partners now owns 2,739,427 shares of the technology company's stock worth $348,518,000 after acquiring an additional 305,182 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Arrow Electronics by 197.2% during the third quarter. Envestnet Asset Management Inc. now owns 458,036 shares of the technology company's stock worth $55,422,000 after purchasing an additional 303,942 shares during the last quarter. ACR Alpine Capital Research LLC boosted its holdings in Arrow Electronics by 12.1% in the third quarter. ACR Alpine Capital Research LLC now owns 2,416,815 shares of the technology company's stock valued at $292,435,000 after purchasing an additional 260,442 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Arrow Electronics by 3.5% in the third quarter. Vanguard Group Inc. now owns 6,085,440 shares of the technology company's stock valued at $736,338,000 after purchasing an additional 204,024 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on ARW shares. Truist Financial raised their price objective on shares of Arrow Electronics from $120.00 to $148.00 and gave the stock a "hold" rating in a report on Friday, February 6th. Weiss Ratings raised shares of Arrow Electronics from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Zacks Research raised shares of Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company upped their price objective on shares of Arrow Electronics from $94.00 to $115.00 and gave the company an "underweight" rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $124.33.

Insider Buying and Selling

In other Arrow Electronics news, insider Richard John Marano sold 2,500 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $155.32, for a total value of $388,300.00. Following the transaction, the insider directly owned 24,096 shares of the company's stock, valued at approximately $3,742,590.72. The trade was a 9.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William F. Austen acquired 3,960 shares of the business's stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $151.87 per share, with a total value of $601,405.20. Following the transaction, the chief executive officer owned 44,722 shares in the company, valued at $6,791,930.14. The trade was a 9.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 19,199 shares of company stock worth $3,009,786 over the last three months. 1.00% of the stock is owned by company insiders.

Arrow Electronics Stock Performance

NYSE ARW opened at $140.28 on Friday. The firm has a market cap of $7.17 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.71 and a beta of 1.01. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $162.61. The business's 50-day moving average price is $136.09 and its 200 day moving average price is $123.42. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $4.39 EPS for the quarter, beating the consensus estimate of $3.55 by $0.84. Arrow Electronics had a return on equity of 9.01% and a net margin of 1.85%.The firm had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.16 billion. During the same period in the prior year, the business earned $2.97 EPS. The firm's revenue was up 20.1% compared to the same quarter last year. Arrow Electronics has set its Q1 2026 guidance at 2.130-2.330 EPS. On average, equities research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

About Arrow Electronics

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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