Magnetar Financial LLC Makes New $1.09 Million Investment in Arrow Electronics, Inc. $ARW

Key Points

• Magnetar Financial LLC has invested approximately $1.09 million in Arrow Electronics, acquiring 10,525 shares in the first quarter of the year.
• Several other institutional investors have also increased their positions in Arrow Electronics, with notable increases from Jane Street Group LLC at 726.7% and Northern Trust Corp at 15.6% during the last quarter.
• The stock's consensus rating is currently "Reduce" with a target price of $115.75, following recent reports from multiple research firms, including an upgrade to a "buy" rating from Wall Street Zen.

Magnetar Financial LLC purchased a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,525 shares of the technology company's stock, valued at approximately $1,093,000.

Several other hedge funds and other institutional investors have also modified their holdings of ARW. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Arrow Electronics by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,864 shares of the technology company's stock valued at $1,232,000 after buying an additional 2,982 shares during the period. Golden State Wealth Management LLC boosted its position in Arrow Electronics by 111.7% during the 1st quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company's stock valued at $39,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC acquired a new position in Arrow Electronics during the 1st quarter valued at approximately $356,000. GAMMA Investing LLC boosted its position in Arrow Electronics by 201.3% during the 1st quarter. GAMMA Investing LLC now owns 2,597 shares of the technology company's stock valued at $270,000 after purchasing an additional 1,735 shares during the period. Finally, LPL Financial LLC boosted its position in Arrow Electronics by 7.8% during the 1st quarter. LPL Financial LLC now owns 34,386 shares of the technology company's stock valued at $3,570,000 after purchasing an additional 2,475 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARW. Wall Street Zen upgraded Arrow Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Bank of America boosted their price target on Arrow Electronics from $105.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, June 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $115.75.

Arrow Electronics Stock Up 0.6%

NYSE:ARW traded up $0.78 during trading hours on Wednesday, hitting $124.36. 391,713 shares of the company's stock traded hands, compared to its average volume of 542,334. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $137.80. The stock's fifty day moving average price is $126.86 and its two-hundred day moving average price is $116.77. The firm has a market cap of $6.40 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.60 and a beta of 1.09.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share 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 company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm posted $2.78 EPS. The business'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. On average, research analysts expect that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sean J. Kerins acquired 8,630 shares of the stock in a transaction dated 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 approximately $14,065,903.28. The trade was a 7.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carine Lamercie Jean-Claude sold 2,660 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $124.64, for a total value of $331,542.40. Following the transaction, the senior vice president directly owned 17,057 shares in the company, valued at approximately $2,125,984.48. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

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.