Bessemer Group Inc. reduced its position in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 58.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,199 shares of the technology company’s stock after selling 4,443 shares during the period. Bessemer Group Inc.’s holdings in Arrow Electronics were worth $407,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of ARW. Oppenheimer Asset Management Inc. lifted its holdings in Arrow Electronics by 7,460.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 369,498 shares of the technology company’s stock worth $47,085,000 after buying an additional 364,611 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Arrow Electronics in the first quarter worth about $35,598,000. ARGA Investment Management LP lifted its holdings in Arrow Electronics by 94.7% in the second quarter. ARGA Investment Management LP now owns 571,645 shares of the technology company’s stock worth $72,845,000 after buying an additional 278,084 shares during the period. DnB Asset Management AS lifted its holdings in Arrow Electronics by 23.4% in the first quarter. DnB Asset Management AS now owns 685,051 shares of the technology company’s stock worth $71,129,000 after buying an additional 129,986 shares during the period. Finally, Nuveen LLC purchased a new stake in Arrow Electronics in the first quarter worth about $11,634,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arrow Electronics in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on shares of Arrow Electronics from $98.00 to $94.00 and set an “underweight” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Arrow Electronics has an average rating of “Hold” and an average target price of $102.00.
Arrow Electronics Price Performance
Shares of ARW opened at $111.36 on Monday. The company has a market capitalization of $5.74 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.55 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $122.03 and a 200 day moving average of $122.09. Arrow Electronics, Inc. has a twelve month low of $86.50 and a twelve month high of $134.74.
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.13. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. Arrow Electronics had a net margin of 1.64% and a return on equity of 8.37%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 earnings per share. Arrow Electronics has set its Q4 2025 guidance at 3.440-3.640 EPS. As a group, equities research analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current fiscal year.
About Arrow Electronics
Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
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