Avnet, Inc. (NASDAQ:AVT) Stock Position Raised by Barclays PLC

Barclays PLC grew its holdings in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 87.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,842 shares of the company's stock after acquiring an additional 42,880 shares during the period. Barclays PLC owned about 0.11% of Avnet worth $4,988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AVT. AQR Capital Management LLC grew its stake in Avnet by 34.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,844,452 shares of the company's stock valued at $94,713,000 after purchasing an additional 475,165 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Avnet by 204.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 690,270 shares of the company's stock worth $37,489,000 after buying an additional 463,660 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in Avnet by 2,607.9% in the second quarter. Great Lakes Advisors LLC now owns 163,449 shares of the company's stock valued at $8,416,000 after acquiring an additional 157,413 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Avnet by 146.5% during the 2nd quarter. Squarepoint Ops LLC now owns 231,715 shares of the company's stock valued at $11,931,000 after acquiring an additional 137,720 shares during the last quarter. Finally, FMR LLC grew its holdings in Avnet by 24.7% during the 3rd quarter. FMR LLC now owns 576,794 shares of the company's stock worth $31,326,000 after acquiring an additional 114,217 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Stock Up 0.3 %

NASDAQ AVT traded up $0.16 on Friday, hitting $53.07. 7,925,219 shares of the stock traded hands, compared to its average volume of 635,459. The company has a market capitalization of $4.61 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The stock has a 50-day moving average of $54.47 and a 200 day moving average of $53.39. The company has a current ratio of 2.25, a quick ratio of 1.07 and a debt-to-equity ratio of 0.48. Avnet, Inc. has a twelve month low of $43.62 and a twelve month high of $59.24.

Avnet (NASDAQ:AVT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. Avnet had a net margin of 1.51% and a return on equity of 8.46%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the business posted $1.61 EPS. The company's quarterly revenue was down 11.5% on a year-over-year basis. As a group, analysts expect that Avnet, Inc. will post 4.09 earnings per share for the current fiscal year.

Avnet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, December 4th. Avnet's payout ratio is 34.55%.

Avnet Company Profile

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.