6,453 Shares in Arrow Electronics, Inc. $ARW Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new position in Arrow Electronics, Inc. (NYSE:ARW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,453 shares of the technology company’s stock, valued at approximately $1,465,000. Arrow Electronics makes up 1.0% of SummerHaven Investment Management LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also bought and sold shares of ARW. BlackRock Inc. bought a new stake in Arrow Electronics during the 2nd quarter worth approximately $1,070,534,000. ACR Alpine Capital Research LLC raised its position in Arrow Electronics by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 3,578,313 shares of the technology company’s stock valued at $513,166,000 after purchasing an additional 132,720 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Arrow Electronics by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,007,509 shares of the technology company’s stock valued at $431,280,000 after purchasing an additional 11,894 shares during the last quarter. State Street Corp boosted its stake in Arrow Electronics by 0.5% in the second quarter. State Street Corp now owns 1,694,603 shares of the technology company’s stock worth $361,645,000 after purchasing an additional 8,238 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Arrow Electronics in the second quarter worth $270,981,000. 99.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Carine Jean-Claude sold 1,000 shares of Arrow Electronics stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $209.85, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ARW has been the topic of several research analyst reports. Zacks Research upgraded Arrow Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 1st. Wall Street Zen cut Arrow Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Wells Fargo & Company lifted their price target on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Truist Financial reduced 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. Finally, Weiss Ratings raised shares of Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.25.

Arrow Electronics Price Performance

Arrow Electronics stock opened at $213.86 on Friday. The business’s 50-day simple moving average is $218.05 and its 200 day simple moving average is $207.28. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.31 and a beta of 1.16. Arrow Electronics, Inc. has a 12-month low of $101.79 and a 12-month high of $249.43. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

Arrow Electronics (NYSE:ARW) last announced 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 was up 31.8% on a year-over-year basis. During the same period last year, the company earned $2.43 earnings per share. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. As a group, research analysts anticipate that Arrow Electronics, Inc. will post 21.24 earnings per share for the current year.

About Arrow Electronics

Arrow Electronics, Inc is a global distributor of electronic components and enterprise computing products. The company connects manufacturers with industrial and commercial customers, supplying semiconductors, embedded components, and related technologies used in products such as automotive systems, communications equipment, industrial machinery, and consumer electronics.

Through its enterprise computing business, Arrow provides data-center and information-technology products and services, including servers, storage, networking equipment, software, cloud solutions, and security technologies.