Lazard Asset Management LLC Increases Stock Position in Arrow Electronics, Inc. $ARW

Lazard Asset Management LLC boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,270 shares of the technology company’s stock after purchasing an additional 2,870 shares during the period. Lazard Asset Management LLC owned approximately 0.05% of Arrow Electronics worth $3,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARW. Bayban acquired a new position in Arrow Electronics in the 1st quarter worth $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Arrow Electronics during the fourth quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Arrow Electronics by 112.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the last quarter. Evergreen Advisors LLC purchased a new stake in shares of Arrow Electronics during the first quarter worth about $36,000. Finally, Advisory Services Network LLC acquired a new position in shares of Arrow Electronics in the third quarter worth about $31,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Wall Street Zen raised Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Raymond James Financial reiterated an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a research note on Friday, May 8th. Wells Fargo & Company raised their price target on shares of Arrow Electronics from $165.00 to $175.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Finally, Truist Financial lifted their price target 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 research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.00.

Insider Buying and Selling

In related news, insider Eric Nowak sold 3,473 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the sale, the insider directly owned 48,835 shares of the company’s stock, valued at approximately $10,303,696.65. This represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.00, for a total value of $648,000.00. Following the transaction, the senior vice president owned 12,626 shares in the company, valued at $2,727,216. This trade represents a 19.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.80% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $217.46 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 1.24. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $237.33. The company’s 50-day simple moving average is $215.58 and its 200-day simple moving average is $177.05. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 15.55 and a beta of 1.20.

Arrow Electronics (NYSE:ARW) last posted 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 business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.39 billion. Arrow Electronics had a return on equity of 11.40% and a net margin of 2.17%.The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Equities analysts anticipate that Arrow Electronics, Inc. will post 19.15 earnings per share for the current fiscal year.

Arrow Electronics announced that its board has authorized a stock repurchase plan on Wednesday, May 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Arrow Electronics Company Profile

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.