HighTower Advisors LLC Sells 3,333 Shares of Arrow Electronics, Inc. $ARW

Key Points

• HighTower Advisors LLC reduced its holdings in Arrow Electronics, Inc. by 17.6%, selling 3,333 shares during the first quarter, leaving them with 15,642 shares valued at $1,624,000.
• Arrow Electronics reported a 10% revenue increase year-over-year for the last quarter, achieving $7.58 billion, and surpassed earnings estimates with $2.43 EPS compared to the projected $2.03 EPS.
• Recent broker updates have resulted in a shift in ratings for Arrow Electronics, with Wall Street Zen upgrading it from "hold" to "buy," while Bank of America maintained an "underperform" rating with a target price of $110.00.

HighTower Advisors LLC decreased its position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 17.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,642 shares of the technology company's stock after selling 3,333 shares during the quarter. HighTower Advisors LLC's holdings in Arrow Electronics were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in Arrow Electronics in the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC increased its stake in Arrow Electronics by 111.7% in the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock worth $39,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd increased its stake in Arrow Electronics by 14.9% in the 1st quarter. Covestor Ltd now owns 1,118 shares of the technology company's stock worth $116,000 after acquiring an additional 145 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Arrow Electronics in the 1st quarter worth approximately $120,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Arrow Electronics by 300.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,550 shares of the technology company's stock worth $161,000 after purchasing an additional 1,163 shares during the period. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

ARW opened at $129.9480 on Monday. The business has a fifty day moving average of $126.56 and a 200 day moving average of $115.91. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week 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 stock has a market cap of $6.69 billion, a P/E ratio of 14.70, a PEG ratio of 0.62 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARW. Wall Street Zen upgraded Arrow Electronics from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. 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. One equities 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 data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $115.75.

Insiders Place Their Bets

In related news, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $124.64, for a total transaction of $331,542.40. Following the completion of the transaction, the senior vice president owned 17,057 shares in the company, valued at $2,125,984.48. The trade was a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sean J. Kerins acquired 8,630 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $114.91 per share, with a total value of $991,673.30. Following the acquisition, the chief executive officer owned 122,408 shares in the company, valued at $14,065,903.28. This trade represents a 7.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.80% of the stock is owned by insiders.

About Arrow Electronics

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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