Royal Bank of Canada Grows Stock Holdings in Arrow Electronics, Inc. $ARW

Royal Bank of Canada increased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW) by 12.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 28,966 shares of the technology company’s stock after purchasing an additional 3,094 shares during the quarter. Royal Bank of Canada’s holdings in Arrow Electronics were worth $4,154,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ARW. ACR Alpine Capital Research LLC raised its holdings in Arrow Electronics by 42.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 3,445,593 shares of the technology company’s stock valued at $379,635,000 after buying an additional 1,028,778 shares during the period. AQR Capital Management LLC grew its stake in shares of Arrow Electronics by 37.7% during the third quarter. AQR Capital Management LLC now owns 3,185,582 shares of the technology company’s stock valued at $384,818,000 after acquiring an additional 871,585 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Arrow Electronics by 1,412.3% during the 4th quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company’s stock worth $45,115,000 after purchasing an additional 382,385 shares during the last quarter. FIL Ltd raised its holdings in Arrow Electronics by 33.8% in the fourth quarter. FIL Ltd now owns 1,231,833 shares of the technology company’s stock valued at $135,723,000 after acquiring an additional 310,936 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Arrow Electronics in the 4th quarter valued at about $29,255,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Eric Nowak sold 3,473 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total transaction 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 represents a 6.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 12,626 shares in the company, valued at approximately $2,727,216. This represents a 19.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company’s stock.

Arrow Electronics Stock Performance

Shares of Arrow Electronics stock opened at $209.08 on Friday. Arrow Electronics, Inc. has a 12 month low of $101.79 and a 12 month high of $237.33. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $10.64 billion, a PE ratio of 13.36, a PEG ratio of 0.32 and a beta of 1.20. The stock’s fifty day simple moving average is $214.33 and its 200 day simple moving average is $183.63.

Arrow Electronics (NYSE:ARW) last posted 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%.Arrow Electronics’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, research analysts predict that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics declared that its board has approved a share repurchase program on Wednesday, May 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ARW has been the topic of several research analyst reports. Raymond James Financial restated an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a research note on Friday, August 7th. Bank of America raised Arrow Electronics from an “underperform” rating to a “neutral” rating and raised their price target for the company from $122.00 to $233.00 in a report on Wednesday, May 13th. Wells Fargo & Company boosted their target price on Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Truist Financial cut their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Arrow Electronics has a consensus rating of “Hold” and a consensus target price of $233.25.

Arrow Electronics 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.