Royal Bank of Canada Raises Stake in Arrow Electronics, Inc. $ARW

Royal Bank of Canada grew its position in Arrow Electronics, Inc. (NYSE:ARW) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,966 shares of the technology company’s stock after buying an additional 3,094 shares during the quarter. Royal Bank of Canada owned 0.06% of Arrow Electronics worth $4,154,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Bayban bought a new position in shares of Arrow Electronics during the 1st quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in Arrow Electronics during the fourth quarter valued at $27,000. Northwestern Mutual Wealth Management Co. increased its stake in Arrow Electronics by 112.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. Evergreen Advisors LLC purchased a new stake in shares of Arrow Electronics during the first quarter worth approximately $36,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Arrow Electronics in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Arrow Electronics

In other news, insider Eric Nowak sold 3,473 shares of Arrow Electronics stock in a transaction that occurred on 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 sale, the insider directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carine Lamercie Jean-Claude sold 3,000 shares of Arrow Electronics 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 directly owned 12,626 shares of the company’s stock, valued at approximately $2,727,216. This represents a 19.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $209.08 on Friday. The stock’s 50-day moving average price is $214.33 and its 200 day moving average price is $183.63. 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 stock has a market capitalization of $10.64 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $237.33.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The company had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $9.67 billion. During the same quarter last year, the business earned $2.43 EPS. The business’s revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

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

About Arrow Electronics

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.