Boston Partners Has $45.10 Million Stake in Avnet, Inc. (NASDAQ:AVT)

Boston Partners boosted its stake in shares of Avnet, Inc. (NASDAQ:AVT - Free Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 855,519 shares of the company's stock after buying an additional 42,302 shares during the period. Boston Partners owned approximately 0.99% of Avnet worth $45,096,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AVT. Natixis Advisors LLC boosted its position in shares of Avnet by 10.1% during the third quarter. Natixis Advisors LLC now owns 14,243 shares of the company's stock worth $774,000 after buying an additional 1,302 shares during the period. Pathstone Holdings LLC increased its stake in Avnet by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 51,247 shares of the company's stock valued at $2,783,000 after buying an additional 769 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Avnet during the 3rd quarter worth about $209,000. FMR LLC boosted its stake in shares of 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 buying an additional 114,217 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in shares of Avnet by 21.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,979 shares of the company's stock valued at $433,000 after acquiring an additional 1,421 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AVT. Bank of America lowered Avnet from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $58.00 to $48.00 in a report on Thursday, January 30th. Truist Financial cut their price objective on Avnet from $54.00 to $52.00 and set a "hold" rating for the company in a report on Thursday, January 30th.

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Avnet Stock Performance

Avnet stock traded up $2.08 during midday trading on Monday, reaching $49.07. 1,282,237 shares of the company's stock were exchanged, compared to its average volume of 655,470. The stock's 50-day simple moving average is $50.80 and its 200 day simple moving average is $52.59. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 2.39. Avnet, Inc. has a 52 week low of $46.24 and a 52 week high of $59.24.

Avnet (NASDAQ:AVT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). Avnet had a return on equity of 7.49% and a net margin of 1.41%. On average, analysts expect that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Wednesday, March 5th. Avnet's payout ratio is presently 37.39%.

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.