Lyrical Asset Management LP Sells 22,143 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Lyrical Asset Management LP decreased its stake in Arrow Electronics by 1.5%, trimming holdings to approximately 1.43 million shares worth about $148.76 million.
• CEO Sean J. Kerins acquired 8,630 shares at an average price of $114.91 each in early August, increasing his overall ownership by 7.58%.
• Arrow Electronics reported a quarterly earnings per share of $2.43, surpassing expectations by $0.40, with year-over-year revenue growth of 10%.

Lyrical Asset Management LP cut its stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,432,740 shares of the technology company's stock after selling 22,143 shares during the period. Arrow Electronics accounts for approximately 2.3% of Lyrical Asset Management LP's investment portfolio, making the stock its 20th largest holding. Lyrical Asset Management LP owned 2.76% of Arrow Electronics worth $148,761,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC lifted its holdings in shares of Arrow Electronics by 4.2% in the first quarter. Beverly Hills Private Wealth LLC now owns 2,643 shares of the technology company's stock valued at $274,000 after buying an additional 106 shares during the period. Net Worth Advisory Group increased its position in Arrow Electronics by 1.8% in the 1st quarter. Net Worth Advisory Group now owns 6,724 shares of the technology company's stock worth $698,000 after purchasing an additional 117 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Arrow Electronics by 2.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,887 shares of the technology company's stock worth $507,000 after purchasing an additional 121 shares during the last quarter. Fulton Bank N.A. increased its position in Arrow Electronics by 6.4% in the 1st quarter. Fulton Bank N.A. now owns 2,026 shares of the technology company's stock worth $210,000 after purchasing an additional 122 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in shares of Arrow Electronics by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 6,577 shares of the technology company's stock valued at $683,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Analysts Set New Price Targets

ARW has been the subject of several recent analyst reports. Bank of America increased their target price 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 upgraded 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 issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $115.75.

Insider Buying and Selling at Arrow Electronics

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

Arrow Electronics Stock Up 1.3%

Shares of NYSE:ARW traded up $1.5690 during trading on Tuesday, hitting $125.0590. 139,814 shares of the company were exchanged, compared to its average volume of 546,038. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.59 and a beta of 1.10. Arrow Electronics, Inc. has a fifty-two week low of $86.50 and a fifty-two week high of $137.80. The firm has a fifty day moving average price of $126.37 and a two-hundred day moving average price of $115.54. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.

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 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 firm's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 EPS. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Arrow Electronics Company 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.