Foster & Motley Inc. Raises Holdings in Avnet, Inc. (NASDAQ:AVT)

Foster & Motley Inc. grew its stake in shares of Avnet, Inc. (NASDAQ:AVT) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,816 shares of the company’s stock after acquiring an additional 856 shares during the quarter. Foster & Motley Inc. owned about 0.15% of Avnet worth $6,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Greenhaven Associates Inc. grew its stake in Avnet by 1.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,962,837 shares of the company’s stock valued at $207,336,000 after purchasing an additional 38,185 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Avnet by 11,848.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,840,663 shares of the company’s stock worth $148,623,000 after purchasing an additional 2,816,889 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in Avnet by 204.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 690,270 shares of the company’s stock valued at $37,489,000 after buying an additional 463,660 shares during the last quarter. FMR LLC increased its holdings in Avnet by 24.7% in 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 period. Finally, Weiss Asset Management LP raised its position in Avnet by 35.7% during the 3rd quarter. Weiss Asset Management LP now owns 254,624 shares of the company’s stock worth $13,829,000 after buying an additional 66,973 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Stock Up 1.5 %

AVT stock opened at $53.24 on Thursday. The company has a market capitalization of $4.63 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. Avnet, Inc. has a 12 month low of $43.62 and a 12 month high of $59.24. The firm’s fifty day simple moving average is $53.45 and its 200-day simple moving average is $53.47. 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) last posted its quarterly 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 net margin of 1.51% and a return on equity of 8.46%. As a group, equities research analysts forecast that Avnet, Inc. will post 4.1 earnings per share for the current year.

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, December 4th. Avnet’s dividend payout ratio is currently 34.56%.

About Avnet

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.