Arrow Electronics, Inc. $ARW Shares Sold by HighTower Advisors LLC

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 reduced its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. lifted its stake in shares of Arrow Electronics by 0.5% in the 1st quarter. Greenhaven Associates Inc. now owns 1,913,757 shares of the technology company's stock valued at $198,705,000 after purchasing an additional 8,900 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Arrow Electronics by 5.5% in the 4th quarter. Earnest Partners LLC now owns 1,486,157 shares of the technology company's stock valued at $168,114,000 after purchasing an additional 77,396 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Arrow Electronics by 163.7% in the 4th quarter. Bank of America Corp DE now owns 1,176,527 shares of the technology company's stock valued at $133,089,000 after purchasing an additional 730,408 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Arrow Electronics by 15.6% in the 4th quarter. Northern Trust Corp now owns 632,255 shares of the technology company's stock valued at $71,521,000 after purchasing an additional 85,207 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Arrow Electronics by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 509,679 shares of the technology company's stock valued at $52,920,000 after purchasing an additional 10,772 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Trading Down 0.3%

ARW traded down $0.39 during mid-day trading on Friday, hitting $126.43. 450,635 shares of the stock were exchanged, compared to its average volume of 501,369. The firm's fifty day moving average is $126.92 and its two-hundred day moving average is $116.55. Arrow Electronics, Inc. has a 1-year low of $86.50 and a 1-year high of $137.80. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $6.51 billion, a PE ratio of 14.30, a PEG ratio of 0.60 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America upped their price target on Arrow Electronics from $105.00 to $110.00 and gave the company an "underperform" rating in a research note on Monday, June 9th. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $115.75.

Insider Activity

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

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.