Corient Private Wealth LP Sells 43,143 Shares of Arrow Electronics, Inc. $ARW

Corient Private Wealth LP trimmed its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 34.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,753 shares of the technology company’s stock after selling 43,143 shares during the quarter. Corient Private Wealth LP’s holdings in Arrow Electronics were worth $17,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Arrow Electronics during the 2nd quarter worth approximately $2,995,000. California State Teachers Retirement System increased its stake in shares of Arrow Electronics by 20,912.3% in the 2nd quarter. California State Teachers Retirement System now owns 12,621,067 shares of the technology company’s stock valued at $2,693,462,000 after acquiring an additional 12,561,002 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Arrow Electronics by 68.0% during the 2nd quarter. HB Wealth Management LLC now owns 3,742 shares of the technology company’s stock valued at $799,000 after acquiring an additional 1,514 shares during the period. SMART Wealth LLC acquired a new position in shares of Arrow Electronics during the 2nd quarter valued at $2,151,000. Finally, Syon Capital LLC boosted its stake in Arrow Electronics by 45.0% during the second quarter. Syon Capital LLC now owns 2,589 shares of the technology company’s stock worth $553,000 after acquiring an additional 803 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Activity

In other news, SVP Carine Jean-Claude sold 1,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the sale, the senior vice president owned 11,626 shares in the company, valued at $2,439,716.10. This represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by insiders.

Arrow Electronics Stock Performance

Shares of Arrow Electronics stock opened at $214.39 on Tuesday. Arrow Electronics, Inc. has a 52 week low of $101.79 and a 52 week high of $237.33. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $210.57 and a 200-day moving average price of $193.72. The company has a market cap of $10.91 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.33 and a beta of 1.19.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.Arrow Electronics’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities analysts anticipate that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock 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 note on Saturday, July 25th. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 1st. Finally, Wells Fargo & Company increased their target price on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Arrow Electronics currently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

Arrow Electronics Company Profile

Arrow Electronics, Inc is a global technology distributor that connects electronic component manufacturers with original equipment manufacturers, contract manufacturers and other commercial customers. The company supplies semiconductors, passive components, electromechanical products and related embedded technologies used in products across industries such as communications, industrial, automotive, aerospace and defense, and consumer electronics.

Through its enterprise computing solutions business, Arrow also provides information-technology products and services, including data-center and cloud solutions, software, security, storage, networking and professional services.