Kestra Advisory Services LLC Sells 6,093 Shares of Arrow Electronics, Inc. $ARW

Kestra Advisory Services LLC reduced its stake in Arrow Electronics, Inc. (NYSE:ARW) by 35.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,238 shares of the technology company’s stock after selling 6,093 shares during the period. Kestra Advisory Services LLC’s holdings in Arrow Electronics were worth $1,612,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ARW. Bayban purchased a new position in shares of Arrow Electronics during the first quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Arrow Electronics by 112.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. Transamerica Financial Advisors LLC purchased a new stake in shares of Arrow Electronics in the fourth quarter worth about $27,000. Advisory Services Network LLC bought a new position in Arrow Electronics during the third quarter valued at approximately $31,000. Finally, Quarry LP bought a new position in Arrow Electronics during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Arrow Electronics from $165.00 to $175.00 and gave the stock an “underweight” rating in a research note on Monday. Raymond James Financial reissued an “outperform” rating and issued a $220.00 target price on shares of Arrow Electronics in a report on Friday, May 8th. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $122.00 to $233.00 in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Finally, Truist Financial lifted their price objective on shares of Arrow Electronics from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arrow Electronics currently has an average rating of “Moderate Buy” and a consensus target price of $222.00.

Insider Buying and Selling

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

Arrow Electronics Trading Up 5.1%

ARW stock opened at $216.00 on Wednesday. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month high of $237.33. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 15.45 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $215.31 and its two-hundred day simple moving average is $171.84.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $5.22 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $2.30. The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 EPS. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. As a group, analysts anticipate that Arrow Electronics, Inc. will post 19.15 earnings per share for the current year.

Arrow Electronics announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 9.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

About Arrow Electronics

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.