Klcm Advisors Lowers stake in Arrow Electronics (ARW)

Arrow Electronics (ARW) : Klcm Advisors reduced its stake in Arrow Electronics by 2.01% during the most recent quarter end. The investment management company now holds a total of 110,092 shares of Arrow Electronics which is valued at $7,305,705 after selling 2,253 shares in Arrow Electronics , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Arrow Electronics makes up approximately 2.39% of Klcm Advisors’s portfolio.

Other Hedge Funds, Including , Gmt Capital Corp boosted its stake in ARW in the latest quarter, The investment management firm added 88,400 additional shares and now holds a total of 1,020,700 shares of Arrow Electronics which is valued at $67,733,652. Arrow Electronics makes up approx 1.51% of Gmt Capital Corp’s portfolio.Boston Partners boosted its stake in ARW in the latest quarter, The investment management firm added 358,680 additional shares and now holds a total of 5,826,500 shares of Arrow Electronics which is valued at $379,829,535. Arrow Electronics makes up approx 0.52% of Boston Partners’s portfolio.First Trust Advisors Lp reduced its stake in ARW by selling 51,876 shares or 20.82% in the most recent quarter. The Hedge Fund company now holds 197,267 shares of ARW which is valued at $12,859,836. Arrow Electronics makes up approx 0.04% of First Trust Advisors Lp’s portfolio.First Quadrant L Pca boosted its stake in ARW in the latest quarter, The investment management firm added 13,600 additional shares and now holds a total of 42,400 shares of Arrow Electronics which is valued at $2,803,488. Arrow Electronics makes up approx 0.06% of First Quadrant L Pca’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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