United Capital Financial Advisors LLC acquired a new stake in Arrow Electronics, Inc. (NYSE:ARW – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,851 shares of the technology company’s stock, valued at approximately $608,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Arrow Electronics by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,122,857 shares of the technology company’s stock valued at $674,616,000 after buying an additional 37,417 shares in the last quarter. BlackRock Inc. acquired a new stake in Arrow Electronics during the second quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC increased its stake in Arrow Electronics by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock worth $513,166,000 after acquiring an additional 132,720 shares during the period. AQR Capital Management LLC increased its stake in Arrow Electronics by 37.7% during the 3rd quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock worth $384,818,000 after acquiring an additional 871,585 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Arrow Electronics by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after acquiring an additional 11,894 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating 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. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Bank of America upgraded shares of Arrow Electronics from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $122.00 to $233.00 in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $233.25.
Arrow Electronics Trading Up 0.1%
NYSE ARW opened at $204.13 on Tuesday. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.20. Arrow Electronics, Inc. has a twelve month low of $101.79 and a twelve month 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’s fifty day moving average is $210.17 and its 200 day moving average is $189.58.
Arrow Electronics (NYSE:ARW – Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $1.00. The business had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The business’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, sell-side analysts expect that Arrow Electronics, Inc. will post 21.24 EPS for the current fiscal year.
Arrow Electronics declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally 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.
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