Legal & General Group Plc Trims Stock Holdings in Arrow Electronics, Inc. $ARW

Legal & General Group Plc reduced its stake in Arrow Electronics, Inc. (NYSE:ARW) by 18.3% during the 4th quarter, Holdings Channel reports. The fund owned 99,363 shares of the technology company’s stock after selling 22,305 shares during the period. Legal & General Group Plc’s holdings in Arrow Electronics were worth $10,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in shares of Arrow Electronics by 17.6% in the fourth quarter. Hantz Financial Services Inc. now owns 667 shares of the technology company’s stock valued at $73,000 after acquiring an additional 100 shares in the last quarter. Lind Value II ApS lifted its position in Arrow Electronics by 11.8% during the fourth quarter. Lind Value II ApS now owns 383,270 shares of the technology company’s stock worth $42,229,000 after buying an additional 40,328 shares during the period. Jefferies Financial Group Inc. purchased a new position in Arrow Electronics during the fourth quarter worth about $388,000. Global Retirement Partners LLC lifted its position in Arrow Electronics by 849.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,073 shares of the technology company’s stock worth $118,000 after buying an additional 960 shares during the period. Finally, Covestor Ltd lifted its position in Arrow Electronics by 11.6% during the fourth quarter. Covestor Ltd now owns 981 shares of the technology company’s stock worth $108,000 after buying an additional 102 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Stock Performance

Shares of NYSE:ARW opened at $229.53 on Thursday. The firm has a market capitalization of $11.74 billion, a PE ratio of 16.42 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 1.02. The business has a 50-day moving average of $183.96 and a two-hundred day moving average of $146.80. Arrow Electronics, Inc. has a 12 month low of $101.79 and a 12 month high of $233.30.

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

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

Insider Transactions at Arrow Electronics

In other news, insider Eric Nowak sold 3,473 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider owned 48,835 shares in the company, valued at approximately $10,303,696.65. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.00, for a total value of $648,000.00. Following the completion of the sale, the senior vice president owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. This trade represents a 19.20% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ARW shares. Wells Fargo & Company increased their target price on Arrow Electronics from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a research report on Tuesday, May 26th. Raymond James Financial reiterated an “outperform” rating and set a $220.00 target price on shares of Arrow Electronics in a research report on Friday, May 8th. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.50.

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.