Connor Clark & Lunn Investment Management Ltd. Takes Position in Arrow Electronics, Inc. $ARW

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Arrow Electronics, Inc. (NYSE:ARW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 42,974 shares of the technology company’s stock, valued at approximately $9,171,000.

A number of other institutional investors have also recently bought and sold shares of ARW. Bayban purchased a new stake in Arrow Electronics during the first quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. boosted 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 worth $27,000 after buying an additional 131 shares during the period. Transamerica Financial Advisors LLC purchased a new position in shares of Arrow Electronics in the fourth quarter worth approximately $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Arrow Electronics in the second quarter worth approximately $28,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Arrow Electronics during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ARW shares. Wall Street Zen upgraded shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Raymond James Financial reiterated an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a research report on Friday, August 7th. Zacks Research downgraded shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Wells Fargo & Company increased their target price on Arrow Electronics from $175.00 to $200.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Truist Financial decreased their target price on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $233.25.

Arrow Electronics Trading Up 2.3%

NYSE:ARW opened at $207.21 on Thursday. The stock has a market cap of $10.55 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.31 and a beta of 1.20. Arrow Electronics, Inc. has a fifty-two week low of $101.79 and a fifty-two week high of $237.33. 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’s 50-day moving average is $211.84 and its two-hundred day moving average is $188.57.

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

Arrow Electronics announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 9.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Arrow Electronics 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.