VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.85 Million in Arrow Electronics, Inc. $ARW

Key Points

• The Virginia Retirement Systems invested approximately $1.85 million in Arrow Electronics, acquiring 14,486 shares of the company in the second quarter, highlighting institutional interest in the stock.
• Analyst ratings for Arrow Electronics have become more favorable, with Wall Street Zen upgrading the stock from a "hold" to a "buy," and Zacks Research raising it to a "strong-buy."
• Arrow Electronics reported a quarterly earnings surprise, with $2.43 earnings per share, surpassing estimates and achieving a 10% year-over-year revenue increase to $7.58 billion.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,486 shares of the technology company's stock, valued at approximately $1,846,000.

A number of other large investors have also recently made changes to their positions in the stock. DnB Asset Management AS boosted its holdings in shares of Arrow Electronics by 23.4% in the first quarter. DnB Asset Management AS now owns 685,051 shares of the technology company's stock worth $71,129,000 after acquiring an additional 129,986 shares during the period. Northern Trust Corp boosted its holdings in shares of Arrow Electronics by 6.3% in the first quarter. Northern Trust Corp now owns 672,375 shares of the technology company's stock worth $69,813,000 after acquiring an additional 40,120 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Arrow Electronics by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 509,679 shares of the technology company's stock worth $52,920,000 after acquiring an additional 10,772 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Arrow Electronics by 1.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 369,940 shares of the technology company's stock valued at $38,411,000 after buying an additional 6,293 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in Arrow Electronics during the first quarter valued at $35,598,000. 99.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Arrow Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research raised Arrow Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $115.75.

Arrow Electronics Price Performance

NYSE:ARW opened at $125.44 on Wednesday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.59 and a beta of 1.09. Arrow Electronics, Inc. has a 52-week low of $86.50 and a 52-week high of $137.80. The stock has a fifty day moving average of $123.34 and a 200 day moving average of $120.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.39.

Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.40. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The business had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $2.78 earnings per share. The company's revenue for the quarter was up 10.0% on a year-over-year basis. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. On average, research analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sean J. Kerins purchased 8,630 shares of the stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the transaction, the chief executive officer directly owned 122,408 shares of the company's stock, valued at approximately $14,065,903.28. This trade represents a 7.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

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