Cidel Asset Management Inc. Invests $210,000 in Arrow Electronics, Inc. $ARW

Cidel Asset Management Inc. acquired a new position in shares of Arrow Electronics, Inc. (NYSE:ARW) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,645 shares of the technology company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Arrow Electronics by 33.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,864 shares of the technology company’s stock worth $1,232,000 after buying an additional 2,982 shares during the period. Caxton Associates LLP acquired a new position in shares of Arrow Electronics during the first quarter worth about $501,000. Golden State Wealth Management LLC boosted its position in shares of Arrow Electronics by 111.7% during the first quarter. Golden State Wealth Management LLC now owns 379 shares of the technology company’s stock worth $39,000 after buying an additional 200 shares during the period. SG Americas Securities LLC acquired a new position in shares of Arrow Electronics during the first quarter worth about $356,000. Finally, OMNI 360 Wealth Inc. acquired a new position in shares of Arrow Electronics during the second quarter worth about $263,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Price Performance

NYSE:ARW opened at $124.73 on Tuesday. 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 stock’s 50 day moving average price is $123.30 and its two-hundred day moving average price is $120.58. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.56 and a beta of 1.09. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, July 31st. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.40. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.12 billion. Arrow Electronics had a return on equity of 8.37% and a net margin of 1.64%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 earnings per share. Arrow Electronics has set its Q3 2025 guidance at 2.160-2.360 EPS. On average, analysts anticipate that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen raised Arrow Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Arrow Electronics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.75.

Insider Transactions at Arrow Electronics

In other Arrow Electronics news, CEO Sean J. Kerins acquired 8,630 shares of the company’s stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $114.91 per share, for a total transaction of $991,673.30. Following the completion of the purchase, the chief executive officer directly owned 122,408 shares of the company’s stock, valued at approximately $14,065,903.28. This represents a 7.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is owned by corporate insiders.

Arrow Electronics Company Profile

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.