Kendall Capital Management Purchases New Position in Arrow Electronics, Inc. $ARW

Kendall Capital Management acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 24,905 shares of the technology company’s stock, valued at approximately $5,315,000. Arrow Electronics makes up about 0.9% of Kendall Capital Management’s holdings, making the stock its 28th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in Arrow Electronics in the second quarter worth $28,000. Bayban acquired a new stake in shares of Arrow Electronics in the first quarter valued at $26,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics in the second quarter valued at $47,000. Transamerica Financial Advisors LLC bought a new position in shares of Arrow Electronics in the fourth quarter valued at about $27,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Arrow Electronics by 112.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Up 2.1%

Shares of NYSE:ARW opened at $210.98 on Friday. Arrow Electronics, Inc. has a one year low of $101.79 and a one year high of $237.33. The company has a 50 day moving average of $213.28 and a 200-day moving average of $186.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 0.32 and a beta of 1.20.

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

Arrow Electronics declared that its board has authorized a share buyback plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on ARW. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a report on Tuesday, May 26th. Wall Street Zen raised shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Wells Fargo & Company increased their price target 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. Truist Financial lowered their price target 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. Finally, Raymond James Financial restated an “outperform” rating and issued a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Three 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 company’s stock. Based on data from MarketBeat.com, Arrow Electronics currently has an average rating of “Hold” and an average target price of $233.25.

Arrow Electronics Company 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.