Campbell & CO Investment Adviser LLC Has $586,000 Stake in Avnet, Inc. (NASDAQ:AVT)

Campbell & CO Investment Adviser LLC raised its holdings in shares of Avnet, Inc. (NASDAQ:AVTFree Report) by 93.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,162 shares of the company’s stock after acquiring an additional 5,867 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Avnet were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AVT. Avantax Planning Partners Inc. grew its position in Avnet by 5.4% in the third quarter. Avantax Planning Partners Inc. now owns 4,878 shares of the company’s stock worth $235,000 after acquiring an additional 249 shares in the last quarter. Jane Street Group LLC boosted its position in Avnet by 3.9% during the first quarter. Jane Street Group LLC now owns 8,498 shares of the company’s stock valued at $345,000 after buying an additional 317 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Avnet by 5.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,659 shares of the company’s stock valued at $301,000 after acquiring an additional 351 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Avnet by 1.4% during the third quarter. Arizona State Retirement System now owns 26,024 shares of the company’s stock valued at $1,254,000 after acquiring an additional 357 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Avnet by 6.3% during the third quarter. HighTower Advisors LLC now owns 6,248 shares of the company’s stock valued at $299,000 after acquiring an additional 372 shares during the last quarter. Institutional investors own 95.34% of the company’s stock.

Avnet Trading Up 0.4 %

Shares of AVT stock opened at $44.92 on Monday. Avnet, Inc. has a 12-month low of $39.64 and a 12-month high of $51.65. The company has a current ratio of 2.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $47.76 and its 200 day moving average is $47.63. The stock has a market capitalization of $4.06 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.58 and a beta of 1.24.

Avnet (NASDAQ:AVTGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.01. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Avnet had a net margin of 2.62% and a return on equity of 13.60%. During the same quarter last year, the company posted $2.00 EPS. Research analysts expect that Avnet, Inc. will post 5.34 earnings per share for the current year.

Avnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.76%. Avnet’s payout ratio is 17.13%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered their price objective on shares of Avnet from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, Avnet presently has a consensus rating of “Hold” and an average price target of $45.50.

View Our Latest Report on Avnet

Insider Activity

In other news, Director James A. Lawrence sold 8,190 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $47.30, for a total transaction of $387,387.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Avnet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avnet (NASDAQ:AVT)

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