Pinnbrook Capital Management LP Buys New Holdings in Arrow Electronics, Inc. $ARW

Key Points

• Pinnbrook Capital Management initiated a position in Arrow Electronics, buying 23,700 shares valued at approximately $5.1 million. Institutional investors collectively own 99.34% of the company.
• Arrow 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 authorized a $1 billion share repurchase program, covering up to 9.7% of outstanding shares. Analysts have a consensus “Hold” rating and an average price target of $233.25.

Pinnbrook Capital Management LP purchased a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 23,700 shares of the technology company's stock, valued at approximately $5,058,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in Arrow Electronics during the 2nd quarter valued at approximately $88,000. Quantbot Technologies LP bought a new position in shares of Arrow Electronics during the second quarter worth $5,410,000. Evolve Private Wealth LLC purchased a new position in Arrow Electronics during the second quarter valued at $3,317,000. WealthShield Partners LLC purchased a new position in Arrow Electronics during the second quarter valued at $213,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Arrow Electronics in the 2nd quarter valued at $255,000. 99.34% of the stock is currently owned by institutional investors.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $210.98 on Friday. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.32 and a beta of 1.20. The firm's fifty day moving average is $213.28 and its 200 day moving average is $186.80. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $237.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping 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 analysts' expectations of $9.67 billion. During the same period last year, the company posted $2.43 EPS. The business's revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Sell-side analysts forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current fiscal year.

Arrow Electronics announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase 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 Analyst Weigh In

Several analysts have commented on the stock. Bank of America upgraded shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Truist Financial cut their price objective on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Finally, Zacks Research cut Arrow Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Arrow Electronics currently has a consensus rating of "Hold" and an average 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.

Want to see what other hedge funds are holding ARW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arrow Electronics, Inc. (NYSE:ARW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source