Gmt Capital Corp buys $67,733,652 stake in Arrow Electronics (ARW)

Arrow Electronics (ARW) : Gmt Capital Corp scooped up 88,400 additional shares in Arrow Electronics during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 1,020,700 shares of Arrow Electronics which is valued at $67,733,652.Arrow Electronics makes up approximately 1.51% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in ARW by selling 26 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 5,948 shares of ARW which is valued at $382,456. Arrow Electronics makes up approx 0.01% of World Asset Management Inc’s portfolio. Proficio Capital Partners added ARW to its portfolio by purchasing 51 company shares during the most recent quarter which is valued at $3,391.New York State Teachers Retirement System reduced its stake in ARW by selling 300 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 186,900 shares of ARW which is valued at $12,299,889. Arrow Electronics makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.

Arrow Electronics opened for trading at $66.69 and hit $67.67 on the upside on Monday, eventually ending the session at $66.81, with a gain of 0.66% or 0.44 points. The heightened volatility saw the trading volume jump to 3,27,586 shares. Company has a market cap of $6,097 M.

On the company’s financial health, Arrow Electronics reported $1.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.64. The company had revenue of $5972.10 million for the quarter, compared to analysts expectations of $6032.03 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Arrow Electronics Inc. (Arrow) is a provider of products services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from electronic components and enterprise computing solutions (ECS) suppliers coupled with a range of services solutions and tools for industrial and commercial customers. The Company operates in two business segments: the global components business and the global enterprise computing solutions business. The global components business segment is a provider of online catalogs for electronic components; cloud-based design tools; factory-direct end-of-life product inventory and disposition solutions to redeploy remarket and recycle technology assets. The global ECS business segment provides enterprise and midrange computing products services and solutions to value-added resellers (VARs) in the Americas EMEA and Asia Pacific regions.

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