Avnet, Inc. (NASDAQ:AVT) Holdings Lifted by Greenhaven Associates Inc.

Greenhaven Associates Inc. boosted its stake in Avnet, Inc. (NASDAQ:AVT) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,962,837 shares of the company’s stock after acquiring an additional 38,185 shares during the period. Avnet comprises approximately 3.1% of Greenhaven Associates Inc.’s portfolio, making the stock its 9th largest position. Greenhaven Associates Inc. owned approximately 4.56% of Avnet worth $207,336,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AVT. Hsbc Holdings PLC boosted its stake in shares of Avnet by 4.2% during the second quarter. Hsbc Holdings PLC now owns 5,448 shares of the company’s stock worth $280,000 after buying an additional 219 shares during the period. Coldstream Capital Management Inc. raised its stake in Avnet by 5.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,538 shares of the company’s stock valued at $246,000 after acquiring an additional 222 shares during the last quarter. GAMMA Investing LLC lifted its position in Avnet by 20.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,836 shares of the company’s stock worth $100,000 after acquiring an additional 309 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Avnet by 0.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 53,232 shares of the company’s stock valued at $2,890,000 after purchasing an additional 455 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Avnet by 6.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 8,656 shares of the company’s stock valued at $470,000 after purchasing an additional 487 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Avnet Price Performance

Shares of NASDAQ AVT opened at $54.65 on Wednesday. The stock has a fifty day moving average price of $53.37 and a 200 day moving average price of $53.42. Avnet, Inc. has a 1-year low of $43.62 and a 1-year high of $59.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.25 and a quick ratio of 1.07. The company has a market cap of $4.75 billion, a PE ratio of 14.31, a P/E/G ratio of 1.00 and a beta of 1.14.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, topping 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 company had revenue of $5.60 billion for 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 revenue was down 11.5% on a year-over-year basis. Sell-side analysts forecast that Avnet, Inc. will post 4.1 EPS for the current year.

Avnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Avnet’s dividend payout ratio (DPR) is 34.56%.

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.