Shareholder Kiltearn Partners Llp Raised Arrow Electrs (ARW) Stake; Engaged Capital Has Boosted Holding in Celestica (CLS) by $14.61 Million

May 19, 2018 - By Marie Mckinney

Arrow Electronics, Inc. (NYSE:ARW) Logo

Kiltearn Partners Llp increased its stake in Arrow Electrs Inc (ARW) by 1.65% based on its latest 2017Q4 regulatory filing with the SEC. Kiltearn Partners Llp bought 26,300 shares as the company’s stock declined 5.76% with the market. The institutional investor held 1.62M shares of the consumer non-durables company at the end of 2017Q4, valued at $130.56 million, up from 1.60 million at the end of the previous reported quarter. Kiltearn Partners Llp who had been investing in Arrow Electrs Inc for a number of months, seems to be bullish on the $6.54B market cap company. The stock decreased 0.63% or $0.47 during the last trading session, reaching $74.62. About 685,264 shares traded or 37.65% up from the average. Arrow Electronics, Inc. (NYSE:ARW) has risen 4.15% since May 19, 2017 and is uptrending. It has underperformed by 7.40% the S&P500.

Glenn W. Welling increased its stake in Celestica Inc (CLS) by 407.84% based on its latest 2017Q4 regulatory filing with the SEC. Engaged Capital Llc bought 1.46M shares as the company’s stock declined 1.71% with the market. The hedge fund run by Glenn W. Welling held 1.82 million shares of the technology company at the end of 2017Q4, valued at $19.07M, up from 358,214 at the end of the previous reported quarter. Engaged Capital Llc who had been investing in Celestica Inc for a number of months, seems to be bullish on the $1.64B market cap company. The stock decreased 0.75% or $0.09 during the last trading session, reaching $11.88. About 310,284 shares traded. Celestica Inc. (NYSE:CLS) has declined 26.94% since May 19, 2017 and is downtrending. It has underperformed by 38.49% the S&P500.

Among 12 analysts covering Celestica (NYSE:CLS), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Celestica had 36 analyst reports since October 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, August 16 report. The firm earned “Hold” rating on Wednesday, September 20 by RBC Capital Markets. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by TD Securities with “Hold” on Thursday, October 19. The stock has “Hold” rating by Scotia Capital on Thursday, January 25. RBC Capital Markets downgraded it to “Sector Perform” rating and $0.75 target in Friday, October 30 report. TD Securities initiated the stock with “Hold” rating in Tuesday, February 2 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, January 24. The firm has “Hold” rating given on Friday, November 18 by Standpoint Research. The stock of Celestica Inc. (NYSE:CLS) has “Buy” rating given on Thursday, August 17 by Standpoint Research.

More important recent Celestica Inc. (NYSE:CLS) news were published by: Seekingalpha.com which released: “Celestica Inc. 2018 Q1 – Results – Earnings Call Slides” on April 28, 2018, also Seekingalpha.com published article titled: “Celestica’s (CLS) CEO Rob Mionis on Q1 2018 Results – Earnings Call Transcript”, Fool.ca published: “Is This Newly Listed Tech Stock the Future of the TSX?” on May 16, 2018. More interesting news about Celestica Inc. (NYSE:CLS) was released by: Prnewswire.com and their article: “Manufacturing, Supply and Logistics Segments Face Modern Business Growth” with publication date: May 11, 2018.

Kiltearn Partners Llp, which manages about $3.16 billion and $4.00 billion US Long portfolio, decreased its stake in Morgan Stanley (NYSE:MS) by 1.21 million shares to 3.13 million shares, valued at $164.08M in 2017Q4, according to the filing.

More news for Arrow Electronics, Inc. (NYSE:ARW) were recently published by: Globenewswire.com, which released: “Consolidated Research: 2018 Summary Expectations for Keane Group, Spirit Airlines, Farmland Partners, Arrow …” on April 20, 2018. 247Wallst.com‘s article titled: “Why This Segment of Technology Could Run the Rest of 2018” and published on May 11, 2018 is yet another important article.

Among 13 analysts covering Arrow Electronics Inc. (NYSE:ARW), 8 have Buy rating, 1 Sell and 4 Hold. Therefore 62% are positive. Arrow Electronics Inc. had 22 analyst reports since July 29, 2015 according to SRatingsIntel. Longbow upgraded the shares of ARW in report on Friday, January 22 to “Buy” rating. The firm earned “Outperform” rating on Thursday, October 29 by Credit Agricole. The rating was upgraded by Credit Agricole to “Buy” on Wednesday, July 29. Suntrust Robinson downgraded the shares of ARW in report on Tuesday, January 3 to “Hold” rating. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Buy” rating given on Wednesday, October 4 by Stifel Nicolaus. The firm has “Hold” rating by Zacks given on Monday, August 31. Citigroup downgraded the stock to “Sell” rating in Monday, May 2 report. The rating was downgraded by SunTrust to “Hold” on Tuesday, January 3. The stock of Arrow Electronics, Inc. (NYSE:ARW) has “Buy” rating given on Monday, May 9 by Goldman Sachs. The rating was upgraded by CLSA to “Buy” on Wednesday, July 29.

Since February 22, 2018, it had 0 insider purchases, and 4 sales for $4.90 million activity. Shares for $4.23M were sold by LONG MICHAEL J. On Wednesday, February 28 Melvin Vincent P sold $258,250 worth of Arrow Electronics, Inc. (NYSE:ARW) or 3,125 shares.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.02, from 1.15 in 2017Q3. It is positive, as 28 investors sold ARW shares while 110 reduced holdings. 48 funds opened positions while 114 raised stakes. 80.48 million shares or 0.40% more from 80.16 million shares in 2017Q3 were reported. Reilly Financial Llc, a California-based fund reported 122,506 shares. Dimensional Fund Advisors Lp holds 0.11% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW) for 3.40M shares. Invesco Limited owns 0.01% invested in Arrow Electronics, Inc. (NYSE:ARW) for 261,975 shares. Parallax Volatility Advisers Lp has invested 0% in Arrow Electronics, Inc. (NYSE:ARW). New York-based Neuberger Berman Grp Ltd Company has invested 0% in Arrow Electronics, Inc. (NYSE:ARW). Engineers Gate Manager Lp accumulated 30,331 shares or 0.17% of the stock. New Mexico Educational Retirement Board accumulated 21,800 shares. Legal And General Grp Plc reported 557,873 shares stake. Monroe Bank & Trust & Tru Mi has 0% invested in Arrow Electronics, Inc. (NYSE:ARW) for 145 shares. Richard Bernstein Advsrs Limited Liability invested 0.02% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Vertex One Asset invested in 21,354 shares or 0.29% of the stock. California-based Clarivest Asset Mngmt Llc has invested 0.01% in Arrow Electronics, Inc. (NYSE:ARW). Euclidean Tech Mngmt Ltd Llc reported 1.87% of its portfolio in Arrow Electronics, Inc. (NYSE:ARW). Bowling Port Management Ltd Liability Com holds 10,860 shares. State Of Tennessee Treasury Department holds 0.04% in Arrow Electronics, Inc. (NYSE:ARW) or 107,600 shares.

Arrow Electronics, Inc. (NYSE:ARW) Institutional Positions Chart

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