Avnet, Inc. (NASDAQ:AVT) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in Avnet, Inc. (NASDAQ:AVT - Free Report) by 20.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,218 shares of the company's stock after acquiring an additional 16,154 shares during the period. Quantinno Capital Management LP owned 0.11% of Avnet worth $5,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Avnet by 35.2% in the second quarter. Fifth Third Bancorp now owns 822 shares of the company's stock worth $42,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Avnet during the 3rd quarter worth approximately $51,000. nVerses Capital LLC purchased a new position in Avnet during the 2nd quarter valued at $77,000. GAMMA Investing LLC boosted its holdings in Avnet by 20.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,836 shares of the company's stock valued at $100,000 after acquiring an additional 309 shares during the period. Finally, Blue Trust Inc. grew its position in Avnet by 38.7% in the 2nd quarter. Blue Trust Inc. now owns 2,995 shares of the company's stock valued at $148,000 after acquiring an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Avnet Trading Down 0.8 %

Shares of NASDAQ:AVT traded down $0.46 on Friday, hitting $54.21. 518,584 shares of the company's stock were exchanged, compared to its average volume of 580,555. Avnet, Inc. has a 12 month low of $43.62 and a 12 month high of $59.24. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.14. The business's 50 day simple moving average is $54.50 and its two-hundred day simple moving average is $53.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.25 and a quick ratio of 1.07.

Avnet (NASDAQ:AVT - Get Free Report) last posted its earnings results 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 net margin of 1.51% and a return on equity of 8.46%. The firm 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 firm earned $1.61 EPS. The business's quarterly revenue was down 11.5% on a year-over-year basis. Analysts anticipate that Avnet, Inc. will post 4.09 EPS for the current fiscal year.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, December 4th. Avnet's dividend payout ratio (DPR) is presently 34.56%.

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.