Arrow Electronics, Inc. $ARW Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. significantly reduced its stake in Arrow Electronics by 74.1%, now holding stocks worth approximately $773,000.
• CEO Sean J. Kerins purchased 8,630 shares of Arrow Electronics, increasing his ownership by 7.58% and bringing his total shares to 122,408.
• Arrow Electronics reported stronger-than-expected earnings, with a quarterly EPS of $2.43, surpassing analyst expectations of $2.03.

Harbor Capital Advisors Inc. lessened its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 74.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,063 shares of the technology company's stock after selling 17,344 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Arrow Electronics were worth $773,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ARW. Alyeska Investment Group L.P. bought a new position in Arrow Electronics during the first quarter valued at $35,598,000. GAMMA Investing LLC lifted its position in Arrow Electronics by 31,181.6% during the first quarter. GAMMA Investing LLC now owns 269,647 shares of the technology company's stock valued at $279,970,000 after purchasing an additional 268,785 shares during the last quarter. ARGA Investment Management LP lifted its position in Arrow Electronics by 273.3% during the first quarter. ARGA Investment Management LP now owns 293,561 shares of the technology company's stock valued at $30,480,000 after purchasing an additional 214,926 shares during the last quarter. DnB Asset Management AS lifted its position in Arrow Electronics by 23.4% during the first quarter. DnB Asset Management AS now owns 685,051 shares of the technology company's stock valued at $71,129,000 after purchasing an additional 129,986 shares during the last quarter. Finally, Nuveen LLC bought a new position in Arrow Electronics during the first quarter valued at $11,634,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Trading Down 0.9%

Shares of ARW traded down $1.09 during midday trading on Friday, hitting $121.75. The stock had a trading volume of 1,856,649 shares, compared to its average volume of 465,155. The firm has a market cap of $6.27 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. Arrow Electronics, Inc. has a 1 year low of $86.50 and a 1 year high of $137.80. The stock's 50 day moving average is $125.60 and its 200 day moving average is $118.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.39 and a quick ratio of 1.07.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.03 by $0.40. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate 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 was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 EPS. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. As a group, analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, CEO Sean J. Kerins bought 8,630 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $114.91 per share, for a total transaction of $991,673.30. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

ARW has been the subject of several research reports. Bank of America increased their price objective on shares of Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, June 9th. Wall Street Zen upgraded shares of 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 company's stock. According to data from MarketBeat.com, Arrow Electronics 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.