Kendall Capital Management Purchases Shares of 24,905 Arrow Electronics, Inc. $ARW

Key Points

• Kendall Capital Management purchased 24,905 Arrow Electronics shares worth approximately $5.3 million, making the stock 0.9% of its portfolio. Institutional investors collectively own 99.34% of Arrow’s outstanding shares.
• Arrow reported strong quarterly results, with EPS of $5.45 versus a $4.45 consensus estimate and revenue of $9.99 billion, up 31.8% year over year. The company guided for third-quarter EPS of $4.83–$5.03.
• The board authorized a $1 billion share-repurchase program, potentially covering up to 9.7% of outstanding shares. Analysts maintain a consensus “Hold” rating with an average price target of $233.25.

Kendall Capital Management purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,905 shares of the technology company's stock, valued at approximately $5,315,000. Arrow Electronics comprises 0.9% of Kendall Capital Management's investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Private Advisor Group LLC lifted its position in shares of Arrow Electronics by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company's stock worth $438,000 after purchasing an additional 78 shares during the last quarter. Root Financial Partners LLC grew its holdings in Arrow Electronics by 38.9% in the 1st quarter. Root Financial Partners LLC now owns 282 shares of the technology company's stock valued at $40,000 after buying an additional 79 shares during the last quarter. Krilogy Financial LLC increased its position in Arrow Electronics by 3.2% in the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company's stock worth $365,000 after buying an additional 80 shares during the period. Gateway Investment Advisers LLC increased its position in Arrow Electronics by 3.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company's stock worth $251,000 after buying an additional 84 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Arrow Electronics by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,567 shares of the technology company's stock worth $2,255,000 after buying an additional 84 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Trading Up 2.1%

Shares of ARW opened at $210.98 on Friday. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $213.28 and a 200-day simple moving average of $186.80. The stock has a market cap of $10.74 billion, a PE ratio of 13.48, a PEG ratio of 0.32 and a beta of 1.20.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.Arrow Electronics's revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the company earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, sell-side analysts predict that Arrow Electronics, Inc. will post 20.44 EPS for the current fiscal year.

Arrow Electronics announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARW. Raymond James Financial reissued an "outperform" rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Wells Fargo & Company upped their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. Truist Financial reduced their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a report on Friday, August 7th. Wall Street Zen upgraded shares of Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Finally, Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $122.00 to $233.00 in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of "Hold" and a consensus target price of $233.25.

Arrow Electronics Company Profile

Arrow Electronics NYSE: ARW is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.

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