Canada Pension Plan Investment Board Lowers Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Canada Pension Plan Investment Board reduced its holdings in Arrow Electronics, Inc. by 22.4%, now owning 19,100 shares worth approximately $1.98 million.
• Analysts have mixed views on Arrow Electronics; it has a consensus rating of "Reduce" and a target price of $115.75, with one analyst upgrading the stock from "hold" to "buy".
• In its latest earnings report, Arrow Electronics reported $2.43 earnings per share, exceeding estimates, with revenues of $7.58 billion, a 10% increase year-over-year.

Canada Pension Plan Investment Board reduced its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 22.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,100 shares of the technology company's stock after selling 5,500 shares during the quarter. Canada Pension Plan Investment Board's holdings in Arrow Electronics were worth $1,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ARW. Operose Advisors LLC purchased a new stake in shares of Arrow Electronics in the first quarter worth approximately $31,000. Golden State Wealth Management LLC increased its position in shares of Arrow Electronics by 111.7% during the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd grew its holdings in Arrow Electronics by 14.9% during the first quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock valued at $116,000 after purchasing an additional 145 shares during the period. Exchange Traded Concepts LLC bought a new position in Arrow Electronics during the first quarter valued at $120,000. Finally, Lindbrook Capital LLC grew its holdings in Arrow Electronics by 300.5% during the first quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock valued at $161,000 after purchasing an additional 1,163 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Sean J. Kerins bought 8,630 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $114.91 per share, with a total value of $991,673.30. Following the transaction, the chief executive officer owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. The trade was a 7.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total value of $331,542.40. Following the completion of the transaction, the senior vice president directly owned 17,057 shares of the company's stock, valued at $2,125,984.48. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARW. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America lifted their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, June 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $115.75.

Arrow Electronics Trading Up 0.6%

Shares of NYSE ARW traded up $0.70 during midday trading on Friday, reaching $127.40. The company had a trading volume of 426,694 shares, compared to its average volume of 408,545. Arrow Electronics, Inc. has a one year low of $86.50 and a one year high of $137.80. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average price is $126.78 and its 200-day moving average price is $117.13. The stock has a market cap of $6.56 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09.

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

Arrow Electronics 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.