6 days Ago By ABMN Staff
Mariner LLC lowered its stake in shares of Avnet, Inc. ( NASDAQ:AVT – Free Report ) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 15,369 shares of the company’s stock after selling 911 shares during the period. Mariner LLC’s holdings in Avnet were worth $804,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also recently made changes to their positions in AVT.
Pacer Advisors Inc. increased its position in shares of Avnet by 11,848.6% during the fourth quarter.
Pacer Advisors Inc. now owns 2,840,663 shares of the company’s stock worth $148,623,000 after acquiring an additional 2,816,889 shares in the last quarter. Norges Bank bought a new stake in shares of Avnet during the fourth quarter worth about $52,924,000.
Raymond James Financial Inc. bought a new stake in shares of Avnet during the fourth quarter worth about $32,676,000. Russell Investments Group Ltd.
increased its position in shares of Avnet by 61.3% during the fourth quarter. Russell Investments Group Ltd.
now owns 399,593 shares of the company’s stock worth $20,906,000 after acquiring an additional 151,821 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Avnet by 227.
1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 214,007 shares of the company’s stock worth $11,197,000 after purchasing an additional 148,588 shares in the last quarter.
Institutional investors and hedge funds own 95.78% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have issued reports on the stock.
Truist Financial reduced their price objective on shares of Avnet from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, January 30th.
Bank of America downgraded shares of Avnet from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $58.00 to $48.00 in a research report on Thursday, January 30th.
Avnet Stock Down 0.5 % AVT opened at $51.70 on Tuesday.
The company has a quick ratio of 1.15, a current ratio of 2.39 and a debt-to-equity ratio of 0.
53. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 14.
65, a PEG ratio of 1.13 and a beta of 1.04.
Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $59.
24. The company’s 50-day moving average price is $48.03 and its two-hundred day moving average price is $51.
49. Avnet ( NASDAQ:AVT – Get Free Report ) last released its earnings results on Wednesday, January 29th. The company reported $0.
87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01).
Avnet had a net margin of 1.41% and a return on equity of 7.49%.
As a group, equities analysts expect that Avnet, Inc. will post 3.41 earnings per share for the current year.
Avnet Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.33 per share.
The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.32 dividend on an annualized basis and a yield of 2.
55%. Avnet’s payout ratio is 37.39%.
About Avnet ( Free Report ) Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.
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