Fulcrum Asset Management LLP grew its stake in Arrow Electronics, Inc. (NYSE:ARW – Free Report) by 449.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,922 shares of the technology company’s stock after purchasing an additional 7,297 shares during the period. Fulcrum Asset Management LLP’s holdings in Arrow Electronics were worth $2,054,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of ARW. BlackRock Inc. acquired a new stake in Arrow Electronics during the second quarter worth about $1,070,534,000. Dimensional Fund Advisors LP boosted 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 worth $431,280,000 after purchasing an additional 11,894 shares in the last quarter. State Street Corp grew its stake in shares of Arrow Electronics by 0.5% during the 2nd 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 during the period. Bank of America Corp DE acquired a new stake in shares of Arrow Electronics during the 2nd quarter worth approximately $270,981,000. Finally, Sei Investments Co. grew its stake in shares of Arrow Electronics by 13.1% during the 1st quarter. Sei Investments Co. now owns 1,013,281 shares of the technology company’s stock worth $145,313,000 after purchasing an additional 117,620 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on ARW shares. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 target price on shares of Arrow Electronics in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Arrow Electronics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wells Fargo & Company lifted their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Arrow Electronics has a consensus rating of “Hold” and a consensus target price of $228.25.
Get Our Latest Research Report on Arrow Electronics
Arrow Electronics Trading Up 1.2%
Shares of ARW stock opened at $194.18 on Wednesday. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $249.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 1.20. The stock’s fifty day moving average is $217.47 and its two-hundred day moving average is $193.07. The firm has a market capitalization of $9.82 billion, a P/E ratio of 9.02, a PEG ratio of 0.28 and a beta of 1.20.
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The technology company reported $6.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.06 by $1.16. Arrow Electronics had a net margin of 2.62% and a return on equity of 15.84%. The company had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.07 billion. During the same quarter in the prior year, the company earned $2.41 EPS. Arrow Electronics’s revenue was up 39.0% compared to the same quarter last year. Arrow Electronics has set its Q4 2026 guidance at 7.000-7.200 EPS. Research analysts expect that Arrow Electronics, Inc. will post 21.24 earnings per share for the current fiscal year.
Insider Buying and Selling at Arrow Electronics
In other news, SVP Carine Jean-Claude sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $209.85, for a total transaction of $209,850.00. Following the transaction, the senior vice president directly 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 document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
Arrow Electronics Company Profile
Arrow Electronics, Inc. is a global distributor of electronic components and enterprise computing products and services. The company connects manufacturers with components and technology solutions, supporting customers from product design and development through production and supply chain management. Through its global components business, Arrow supplies semiconductors and other electronic components, along with engineering and supply chain services. Its enterprise computing solutions business distributes technology such as data center, cloud, security and networking products, and provides related services to resellers and other customers.
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