Tocqueville Asset Management L.P. Has $1.07 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Tocqueville Asset Management L.P. lessened its stake in Arrow Electronics, Inc. (NYSE:ARW) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,491 shares of the technology company’s stock after selling 500 shares during the period. Tocqueville Asset Management L.P.’s holdings in Arrow Electronics were worth $1,074,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ARW. Envestnet Portfolio Solutions Inc. raised its stake in shares of Arrow Electronics by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,101 shares of the technology company’s stock worth $577,000 after buying an additional 234 shares during the last quarter. Ironwood Investment Management LLC lifted its stake in shares of Arrow Electronics by 0.4% in the 4th quarter. Ironwood Investment Management LLC now owns 22,545 shares of the technology company’s stock valued at $2,550,000 after purchasing an additional 100 shares during the period. Commonwealth Equity Services LLC lifted its stake in Arrow Electronics by 2.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,286 shares of the technology company’s stock valued at $824,000 after buying an additional 190 shares during the period. Vestcor Inc grew its position in shares of Arrow Electronics by 30.7% during the 4th quarter. Vestcor Inc now owns 4,863 shares of the technology company’s stock worth $550,000 after buying an additional 1,143 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Arrow Electronics by 2.6% in the 4th quarter. HighTower Advisors LLC now owns 18,975 shares of the technology company’s stock valued at $2,146,000 after acquiring an additional 474 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.25.

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 237 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the transaction, the chief accounting officer now owns 2,086 shares in the company, valued at approximately $226,810.78. This represents a 10.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Austen acquired 1,900 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the completion of the transaction, the director now directly owns 7,858 shares of the company’s stock, valued at approximately $818,174.96. The trade was a 31.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

Arrow Electronics Stock Performance

ARW opened at $109.25 on Thursday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 0.52 and a beta of 1.26. The business’s 50-day moving average price is $110.99 and its two-hundred day moving average price is $119.45. Arrow Electronics, Inc. has a 1 year low of $101.78 and a 1 year high of $137.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. Equities analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current fiscal year.

Arrow Electronics 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.