Earnest Partners LLC Cuts Stock Position in Arrow Electronics, Inc. $ARW

Key Points

• Earnest Partners LLC reduced its holdings in Arrow Electronics by 1.2%, owning 1,468,606 shares valued at approximately $152.49 million as of the latest SEC filing.
• Arrow Electronics reported $2.43 earnings per share for the latest quarter, exceeding analysts' estimates of $2.03, and had a revenue of $7.58 billion, up 10% year-over-year.
• A recent analyst report upgraded Arrow Electronics from a "hold" rating to a "buy" rating, while its current average target price sits at $115.75.

Earnest Partners LLC cut its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,468,606 shares of the technology company's stock after selling 17,551 shares during the quarter. Earnest Partners LLC owned about 2.83% of Arrow Electronics worth $152,485,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Operose Advisors LLC acquired a new position in Arrow Electronics in the 1st quarter valued at $31,000. Golden State Wealth Management LLC boosted its stake in Arrow Electronics by 111.7% in the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after buying an additional 200 shares in the last quarter. Covestor Ltd boosted its stake in shares of 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 in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Arrow Electronics during the first quarter valued at $120,000. Finally, Lindbrook Capital LLC raised its position in shares of Arrow Electronics by 300.5% during the first quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock worth $161,000 after acquiring an additional 1,163 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Arrow Electronics

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

Arrow Electronics Stock Performance

Shares of NYSE:ARW traded down $0.39 during midday trading on Monday, reaching $126.43. 450,635 shares of the company traded hands, compared to its average volume of 471,971. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. Arrow Electronics, Inc. has a 12 month low of $86.50 and a 12 month high of $137.80. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09. The firm's fifty day moving average price is $126.92 and its two-hundred day moving average price is $116.61.

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

Analysts Set New Price Targets

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

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.