Arrow Electronics, Inc. $ARW Stock Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 29.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,762 shares of the technology company’s stock after selling 36,406 shares during the quarter. Pzena Investment Management LLC’s holdings in Arrow Electronics were worth $20,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Provenance Wealth Advisors LLC bought a new stake in Arrow Electronics in the third quarter valued at approximately $106,000. One Way Holdings LLC bought a new position in Arrow Electronics during the 3rd quarter worth approximately $3,599,000. Greenleaf Trust raised its holdings in Arrow Electronics by 1.7% during the 3rd quarter. Greenleaf Trust now owns 2,863 shares of the technology company’s stock worth $650,000 after purchasing an additional 48 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Arrow Electronics during the 3rd quarter worth approximately $1,090,000. Finally, Vise Technologies Inc. acquired a new position in shares of Arrow Electronics in the 3rd quarter worth approximately $1,376,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arrow Electronics

In other news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total value of $209,850.00. Following the completion of the sale, the senior vice president owned 11,626 shares in the company, valued at $2,439,716.10. The trade was a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by corporate insiders.

Arrow Electronics Trading Down 12.7%

Shares of ARW stock opened at $176.91 on Friday. The company has a market cap of $9.01 billion, a P/E ratio of 11.30, a PEG ratio of 0.30 and a beta of 1.20. The stock has a 50 day simple moving average of $218.45 and a two-hundred day simple moving average of $191.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $249.43.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $6.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.06 by $1.16. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.07 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%. The company’s revenue was up 39.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 earnings per share. Arrow Electronics has set its Q4 2026 guidance at 7.000-7.200 EPS. Research analysts forecast that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Raymond James Financial reissued an “outperform” rating and set a $250.00 target price on shares of Arrow Electronics in a research note on Friday, August 7th. Wall Street Zen lowered shares of Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Finally, Truist Financial cut their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $233.25.

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 Profile

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.