Pacer Advisors Inc. Grows Stock Holdings in Avnet, Inc. (NASDAQ:AVT)

Pacer Advisors Inc. grew its position in Avnet, Inc. (NASDAQ:AVT) by 11,848.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,840,663 shares of the company’s stock after buying an additional 2,816,889 shares during the period. Pacer Advisors Inc. owned 3.27% of Avnet worth $148,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVT. Capital Performance Advisors LLP acquired a new stake in Avnet in the third quarter valued at approximately $51,000. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 309 shares during the last quarter. KBC Group NV boosted its position in shares of Avnet by 55.7% in the 4th quarter. KBC Group NV now owns 3,356 shares of the company’s stock worth $176,000 after purchasing an additional 1,200 shares in the last quarter. Blue Trust Inc. grew its stake in Avnet by 29.3% during the 3rd quarter. Blue Trust Inc. now owns 3,874 shares of the company’s stock worth $199,000 after buying an additional 879 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Avnet by 442.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,697 shares of the company’s stock valued at $200,000 after buying an additional 3,015 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Price Performance

Shares of AVT stock opened at $54.10 on Monday. Avnet, Inc. has a fifty-two week low of $43.62 and a fifty-two week high of $59.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.07 and a current ratio of 2.25. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.01 and a beta of 1.14. The stock’s 50-day simple moving average is $53.44 and its 200-day simple moving average is $53.48.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Avnet had a net margin of 1.51% and a return on equity of 8.46%. Avnet’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. As a group, equities analysts forecast that Avnet, Inc. will post 4.1 earnings per share for the current fiscal year.

Avnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.33 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. 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.