Arrow Electronics, Inc. $ARW Stock: Pzena Investment Management LLC Trims Holdings

Pzena Investment Management LLC reduced its position in Arrow Electronics, Inc. (NYSE:ARW) by 29.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,762 shares of the technology company’s stock after selling 36,406 shares during the quarter. Pzena Investment Management LLC owned about 0.17% of Arrow Electronics worth $20,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARW. State Street Corp increased its stake in Arrow Electronics by 0.5% in the second quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock valued at $361,645,000 after acquiring an additional 8,238 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Arrow Electronics by 307.9% during the second quarter. Assenagon Asset Management S.A. now owns 220,920 shares of the technology company’s stock valued at $47,147,000 after purchasing an additional 166,762 shares in the last quarter. Empowered Funds LLC lifted its stake in Arrow Electronics by 306.8% during the first quarter. Empowered Funds LLC now owns 36,928 shares of the technology company’s stock worth $5,296,000 after purchasing an additional 27,851 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in Arrow Electronics during the third quarter worth $1,465,000. Finally, Calamos Advisors LLC bought a new stake in Arrow Electronics during the second quarter worth $5,817,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings raised Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Truist Financial dropped their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Wells Fargo & Company raised their price objective on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Arrow Electronics currently has an average rating of “Hold” and an average target price of $233.25.

Insider Activity

In other news, SVP Carine Jean-Claude sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total transaction of $209,850.00. Following the completion of the transaction, the senior vice president owned 11,626 shares of the company’s stock, valued at approximately $2,439,716.10. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

More Arrow Electronics News

Here are the key news stories impacting Arrow Electronics this week:

• Positive Sentiment: Third-quarter EPS was $6.22, beating the roughly $5.06 consensus, while revenue of $10.72 billion exceeded expectations of about $10.07 billion and rose 39% year over year. The company described both quarterly revenue and EPS as records. Arrow Electronics Reports Record Quarterly Revenue and EPS
• Positive Sentiment: Arrow’s fourth-quarter outlook was also substantially above forecasts: EPS guidance of $7.00–$7.20 versus consensus of $5.80, and revenue guidance of $11.6–$12.2 billion versus $10.5 billion. Arrow Electronics Q3 Profit Jumps, Issues Q4 Outlook
• Neutral Sentiment: Despite the earnings beat and strong outlook, ARW shares declined. The articles provided do not point to a specific negative development behind the move, so the market reaction appears at odds with the favorable reported results; a “sell-the-news” explanation is possible but not confirmed by this coverage. Arrow Electronics Stock Information

Arrow Electronics Stock Down 12.7%

Shares of NYSE ARW opened at $176.91 on Friday. The company has a 50 day simple moving average of $218.45 and a 200 day simple moving average of $191.98. The firm has a market cap of $9.01 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.30 and a beta of 1.20. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $249.43. 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) last posted its earnings results on Thursday, November 5th. The technology company reported $6.22 EPS for the quarter, topping the consensus estimate of $5.06 by $1.16. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.07 billion. During the same period last year, the company earned $2.41 EPS. The firm’s revenue was up 39.0% compared to the same quarter last year. Arrow Electronics has set its Q4 2026 guidance at 7.000-7.200 EPS. On average, research analysts forecast that Arrow Electronics, Inc. will post 21.24 EPS for the current 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.