Pallas Capital Advisors LLC Makes New $1.15 Million Investment in Arrow Electronics, Inc. $ARW

Key Points

• Pallas Capital Advisors acquired 5,407 Arrow Electronics shares worth approximately $1.15 million, while institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported stronger-than-expected quarterly results, with EPS of $5.45 versus $4.45 expected and revenue of $9.99 billion, up 31.8% year over year.
• Analyst sentiment is mixed, with an average “Hold” rating and a $233.25 target price; the company also authorized a $1 billion share-repurchase program.

Pallas Capital Advisors LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,407 shares of the technology company's stock, valued at approximately $1,154,000.

Other institutional investors have also modified their holdings of the company. ACR Alpine Capital Research LLC grew its stake in Arrow Electronics by 42.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company's stock worth $379,635,000 after purchasing an additional 1,028,778 shares in the last quarter. AQR Capital Management LLC increased its holdings in Arrow Electronics by 37.7% in the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company's stock valued at $384,818,000 after buying an additional 871,585 shares during the last quarter. Brandes Investment Partners LP raised its stake in Arrow Electronics by 1,412.3% during the fourth quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company's stock valued at $45,115,000 after buying an additional 382,385 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Arrow Electronics during the second quarter valued at approximately $72,308,000. Finally, Bank of New York Mellon Corp bought a new position in Arrow Electronics during the 2nd quarter worth approximately $71,338,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Activity

In other news, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.00, for a total transaction of $648,000.00. Following the completion of the transaction, the senior vice president owned 12,626 shares in the company, valued at approximately $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ARW shares. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price on shares of Arrow Electronics in a research report on Friday, August 7th. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Truist Financial reduced their price objective on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $122.00 to $233.00 in a report on Wednesday, May 13th. Finally, Zacks Research lowered shares of Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Arrow Electronics has an average rating of "Hold" and an average target price of $233.25.

Arrow Electronics Stock Down 3.2%

Shares of Arrow Electronics stock opened at $213.26 on Wednesday. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.33 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month 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 business's 50 day simple moving average is $214.12 and its 200-day simple moving average is $185.60.

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

Arrow Electronics declared that its board has approved a stock repurchase program on Wednesday, May 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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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