Lind Value II ApS Reduces Stock Holdings in Avnet, Inc. (NASDAQ:AVT)

Lind Value II ApS cut its stake in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 868,762 shares of the company's stock after selling 224,654 shares during the period. Avnet comprises approximately 20.2% of Lind Value II ApS's investment portfolio, making the stock its 3rd biggest position. Lind Value II ApS owned approximately 1.00% of Avnet worth $45,454,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVT. AQR Capital Management LLC grew its stake in Avnet by 34.7% in the second quarter. AQR Capital Management LLC now owns 1,844,452 shares of the company's stock valued at $94,713,000 after acquiring an additional 475,165 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Avnet by 204.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 690,270 shares of the company's stock valued at $37,489,000 after acquiring an additional 463,660 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Avnet by 227.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 214,007 shares of the company's stock valued at $11,197,000 after purchasing an additional 148,588 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Avnet by 146.5% in the second quarter. Squarepoint Ops LLC now owns 231,715 shares of the company's stock valued at $11,931,000 after purchasing an additional 137,720 shares in the last quarter. Finally, FMR LLC raised its position in Avnet by 24.7% in the 3rd quarter. FMR LLC now owns 576,794 shares of the company's stock valued at $31,326,000 after buying an additional 114,217 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Stock Up 1.3 %

AVT traded up $0.69 during mid-day trading on Wednesday, reaching $52.66. 616,321 shares of the stock were exchanged, compared to its average volume of 534,402. Avnet, Inc. has a 1 year low of $43.62 and a 1 year high of $59.24. The company has a 50 day moving average price of $53.63 and a two-hundred day moving average price of $53.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.07 and a current ratio of 2.25. The stock has a market capitalization of $4.58 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14.

Avnet (NASDAQ:AVT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Avnet had a return on equity of 8.46% and a net margin of 1.51%. 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 prior year, the company earned $1.61 earnings per share. Avnet's revenue was down 11.5% compared to the same quarter last year. As a group, research analysts anticipate that Avnet, Inc. will post 4.09 EPS for the current year.

Avnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.51%. Avnet's dividend payout ratio is 34.55%.

Avnet 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.