Man Group plc Takes $10.86 Million Position in Arrow Electronics, Inc. $ARW

Key Points

• Man Group plc acquired 50,886 Arrow Electronics shares during the second quarter, a position valued at approximately $10.86 million and representing about 0.10% of the company.
• Arrow Electronics reported strong quarterly results, with EPS of $5.45 versus the $4.45 consensus estimate and revenue of $9.99 billion, up 31.8% year over year. The company also authorized a $1 billion share repurchase program covering up to 9.7% of outstanding shares.
• Analyst sentiment remains mixed: Arrow has a consensus “Hold” rating and an average price target of $233.25, compared with a recent share price of $203.70.

Man Group plc bought a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,886 shares of the technology company's stock, valued at approximately $10,860,000. Man Group plc owned about 0.10% of Arrow Electronics as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bayban acquired a new stake in shares of Arrow Electronics in the first quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its stake in Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company's stock valued at $27,000 after acquiring an additional 131 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in Arrow Electronics during the 4th quarter valued at $27,000. Keating Financial Advisory Services Inc. acquired a new stake in Arrow Electronics during the 2nd quarter valued at $28,000. Finally, Advisory Services Network LLC bought a new position in Arrow Electronics during the third quarter worth $31,000. Institutional investors own 99.34% of the company's stock.

Arrow Electronics Price Performance

Shares of ARW opened at $203.70 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The stock has a market cap of $10.37 billion, a PE ratio of 13.02, a PEG ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $237.33. The business has a 50-day simple moving average of $210.78 and a two-hundred day simple moving average of $189.02.

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

Arrow Electronics announced that its board has approved a stock repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ARW has been the subject of a number of research reports. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Wells Fargo & Company increased their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Raymond James Financial reissued an "outperform" rating and issued a $250.00 target price on shares of Arrow Electronics in a report on Friday, August 7th. Weiss Ratings reissued a "buy (b-)" rating on shares of Arrow Electronics in a report on Friday, August 21st. Finally, Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $233.25.

About Arrow Electronics

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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