Retirement Systems of Alabama Sells 9,740 Shares of Arrow Electronics, Inc. $ARW

Key Points

• Retirement Systems of Alabama reduced its Arrow Electronics stake by 15.6% in the second quarter, selling 9,740 shares and retaining 52,888 shares valued at approximately $11.3 million. Institutional investors collectively own 99.34% of the stock.
• Arrow Electronics reported quarterly EPS of $5.45, exceeding estimates by $1.00, while revenue rose 31.8% year over year to $9.99 billion. The company issued third-quarter guidance of $4.83–$5.03 EPS.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $233.25 target price. Arrow also authorized a $1 billion share-repurchase program, equivalent to up to 9.7% of its outstanding shares.

Retirement Systems of Alabama cut its position in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,888 shares of the technology company's stock after selling 9,740 shares during the period. Retirement Systems of Alabama owned approximately 0.10% of Arrow Electronics worth $11,287,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Arrow Electronics news, insider Eric Nowak sold 3,473 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. This represents a 6.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the transaction, the senior vice president directly owned 12,626 shares in the company, valued at $2,727,216. The trade was a 19.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Zacks Research downgraded Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Raymond James Financial reiterated an "outperform" rating and set a $250.00 target price on shares of Arrow Electronics in a research report on Friday, August 7th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. 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 company's stock. According to data from MarketBeat, Arrow Electronics currently has a consensus rating of "Hold" and a consensus target price of $233.25.

Arrow Electronics Stock Performance

Shares of NYSE:ARW opened at $209.08 on Friday. The firm's 50 day simple moving average is $214.33 and its 200-day simple moving average is $183.63. 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, Inc. has a one year low of $101.79 and a one year high of $237.33. The firm has a market cap of $10.64 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings results 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. 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 quarter in the previous year, the business earned $2.43 earnings per share. Arrow Electronics's quarterly 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. As a group, equities analysts predict that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

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

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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