Tlp Group buys $1,050,673 stake in Arrow Electronics (ARW)

Arrow Electronics (ARW) : Tlp Group scooped up 6,623 additional shares in Arrow Electronics during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 15,864 shares of Arrow Electronics which is valued at $1,050,673.Arrow Electronics makes up approximately 0.63% of Tlp Group’s portfolio.

Other Hedge Funds, Including , Edge Asset Management Inc boosted its stake in ARW in the latest quarter, The investment management firm added 56,378 additional shares and now holds a total of 172,491 shares of Arrow Electronics which is valued at $11,424,079. Arrow Electronics makes up approx 0.10% of Edge Asset Management Inc’s portfolio.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.Smith Graham Investment Advisors Lp reduced its stake in ARW by selling 410 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 62,902 shares of ARW which is valued at $4,156,564. Arrow Electronics makes up approx 0.54% of Smith Graham Investment Advisors Lp’s portfolio. Kanaly Trust Co added ARW to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $1,053.

Arrow Electronics closed down -0.13 points or -0.20% at $65.67 with 4,11,387 shares getting traded on Wednesday. Post opening the session at $65.71, the shares hit an intraday low of $65.45 and an intraday high of $66.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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