Public Employees Retirement System of Ohio Invests $3.70 Million in Arrow Electronics, Inc. $ARW

Key Points

• Public Employees Retirement System of Ohio acquired 17,324 Arrow Electronics shares worth approximately $3.70 million in the second quarter. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported strong quarterly results, with adjusted earnings of $5.45 per share beating estimates by $1.00 and revenue rising 31.8% year over year to $9.99 billion.
• The company authorized a $1 billion share repurchase program, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $233.25.

Public Employees Retirement System of Ohio acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,324 shares of the technology company's stock, valued at approximately $3,697,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its holdings in Arrow Electronics by 2.6% in the first quarter. Private Advisor Group LLC now owns 3,054 shares of the technology company's stock valued at $438,000 after buying an additional 78 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Arrow Electronics by 38.9% in the 1st quarter. Root Financial Partners LLC now owns 282 shares of the technology company's stock worth $40,000 after acquiring an additional 79 shares during the period. Krilogy Financial LLC grew its holdings in shares of Arrow Electronics by 3.2% in the 1st quarter. Krilogy Financial LLC now owns 2,543 shares of the technology company's stock worth $365,000 after acquiring an additional 80 shares during the period. Gateway Investment Advisers LLC raised its holdings in Arrow Electronics by 3.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,276 shares of the technology company's stock worth $251,000 after purchasing an additional 84 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Arrow Electronics by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,567 shares of the technology company's stock worth $2,255,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Up 1.4%

Shares of NYSE ARW opened at $211.01 on Friday. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33. The firm's 50 day moving average price is $209.09 and its 200 day moving average price is $190.68. The firm has a market cap of $10.74 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. During the same period in the prior year, the firm posted $2.43 earnings per share. The business's quarterly revenue 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. As a group, sell-side analysts anticipate that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ARW shares. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and upped their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Wells Fargo & Company raised their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Arrow Electronics in a research report on Friday, August 21st. Finally, Zacks Research raised Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $233.25.

Arrow Electronics 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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