Kiltearn Partners Llp buys $107,579,133 stake in Arrow Electronics (ARW)

Arrow Electronics (ARW) : Kiltearn Partners Llp scooped up 8,500 additional shares in Arrow Electronics during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,620,900 shares of Arrow Electronics which is valued at $107,579,133.Arrow Electronics makes up approximately 4.48% of Kiltearn Partners Llp’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in ARW in the latest quarter, The investment management firm added 6,125 additional shares and now holds a total of 214,392 shares of Arrow Electronics which is valued at $14,229,197. Arrow Electronics makes up approx 0.01% of Blackrock Advisors’s portfolio.Tlp Group boosted its stake in ARW in the latest quarter, The investment management firm added 6,623 additional shares and now holds a total of 15,864 shares of Arrow Electronics which is valued at $1,050,673. Arrow Electronics makes up approx 0.63% of Tlp Group’s portfolio.Cibc Asset Management Inc boosted its stake in ARW in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 4,161 shares of Arrow Electronics which is valued at $267,552.

Arrow Electronics opened for trading at $66.45 and hit $67.38 on the upside on Friday, eventually ending the session at $67.21, with a gain of 0.87% or 0.58 points. The heightened volatility saw the trading volume jump to 4,31,177 shares. Company has a market cap of $6,134 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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