One Way Holdings LLC purchased a new position in Arrow Electronics, Inc. (NYSE:ARW – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,854 shares of the technology company’s stock, valued at approximately $3,599,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new stake in Arrow Electronics during the second quarter valued at $28,000. Fiduciary Financial Advisors acquired a new position in Arrow Electronics in the 2nd quarter worth about $33,000. Jones Financial Companies Lllp acquired a new position in Arrow Electronics in the 2nd quarter worth about $37,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Arrow Electronics during the 2nd quarter worth about $47,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Arrow Electronics during the 1st quarter worth about $36,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on ARW shares. Truist Financial reduced their price target on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings upgraded Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th. Wells Fargo & Company lifted their target price on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $250.00 target price on shares of Arrow Electronics in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $233.25.
Check Out Our Latest Stock Report on Arrow Electronics
Insider Activity at Arrow Electronics
In other news, SVP Carine Jean-Claude sold 1,000 shares of the business’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 directly owned 11,626 shares in the company, valued at approximately $2,439,716.10. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
Arrow Electronics Price Performance
Shares of NYSE:ARW opened at $208.17 on Monday. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $249.43. The business has a 50-day moving average of $219.08 and a two-hundred day moving average of $190.37. The stock has a market capitalization of $10.60 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01.
Arrow Electronics (NYSE:ARW – Get Free Report) last released 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. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. During the same quarter in the prior year, the company posted $2.43 EPS. The firm’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. On average, equities research analysts predict that Arrow Electronics, Inc. will post 21.24 EPS for the current fiscal year.
About Arrow Electronics
Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing solutions. The company connects manufacturers of technology products with customers, including original equipment manufacturers, contract manufacturers, commercial enterprises and government organizations.
Arrow’s components business distributes products such as semiconductors, embedded systems, passive and electromechanical components, and related engineering services. Its enterprise computing solutions business provides technology products and services involving data center, cloud, security, networking and software solutions.
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