Pzena Investment Management LLC Makes New $26.71 Million Investment in Arrow Electronics, Inc. $ARW

Pzena Investment Management LLC purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the 2nd quarter, HoldingsChannel reports. The fund purchased 125,168 shares of the technology company’s stock, valued at approximately $26,712,000.

Several other institutional investors have also recently made changes to their positions in the stock. Citizens Financial Group Inc. RI acquired a new stake in shares of Arrow Electronics in the 2nd quarter valued at about $402,000. BlackRock Inc. acquired a new position in Arrow Electronics during the 2nd quarter worth approximately $1,070,534,000. Pallas Capital Advisors LLC acquired a new position in Arrow Electronics during the 2nd quarter worth approximately $1,154,000. Deutsche Bank AG bought a new position in Arrow Electronics in the second quarter worth approximately $1,066,000. Finally, Perigon Wealth Management LLC bought a new position in Arrow Electronics in the second quarter worth approximately $1,519,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Arrow Electronics Price Performance

ARW stock opened at $220.60 on Tuesday. The company has a market capitalization of $11.23 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.33 and a beta of 1.20. 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 52-week low of $101.79 and a 52-week high of $237.33. The business has a 50-day simple moving average of $214.24 and a two-hundred day simple moving average of $185.00.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $1.00. The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $9.67 billion. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The company’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Research analysts expect that Arrow Electronics, Inc. will post 20.44 EPS for the current fiscal year.

Arrow Electronics announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Arrow Electronics

In other Arrow Electronics news, insider Eric Nowak sold 3,473 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $210.99, for a total transaction of $732,768.27. Following the transaction, 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 sale 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 transaction of $648,000.00. Following the transaction, the senior vice president directly owned 12,626 shares in the company, valued at $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.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARW shares. Wells Fargo & Company boosted their price objective on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Zacks Research cut Arrow Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Truist Financial reduced their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Finally, Raymond James Financial restated an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.