River Road Asset Management LLC Has $7.32 Million Holdings in Avnet, Inc. $AVT

River Road Asset Management LLC trimmed its position in shares of Avnet, Inc. (NASDAQ:AVT) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,216 shares of the company’s stock after selling 7,225 shares during the quarter. River Road Asset Management LLC owned 0.19% of Avnet worth $7,319,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Avnet by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 8,778 shares of the company’s stock valued at $422,000 after purchasing an additional 184 shares in the last quarter. World Investment Advisors raised its holdings in Avnet by 2.3% during the fourth quarter. World Investment Advisors now owns 9,873 shares of the company’s stock worth $471,000 after buying an additional 219 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Avnet by 0.8% in the fourth quarter. Deutsche Bank AG now owns 31,122 shares of the company’s stock valued at $1,496,000 after buying an additional 234 shares in the last quarter. MAI Capital Management lifted its stake in shares of Avnet by 53.7% in the third quarter. MAI Capital Management now owns 673 shares of the company’s stock valued at $35,000 after buying an additional 235 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Avnet by 53.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 737 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Philip R. Gallagher sold 23,920 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the sale, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at $12,023,648.76. This trade represents a 14.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Avnet Price Performance

Shares of NASDAQ AVT opened at $91.47 on Friday. Avnet, Inc. has a twelve month low of $44.25 and a twelve month high of $95.26. The stock’s 50 day moving average price is $82.94 and its 200-day moving average price is $66.07. The company has a market capitalization of $7.50 billion, a PE ratio of 35.59, a PEG ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.15. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.Avnet’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities analysts anticipate that Avnet, Inc. will post 5.12 EPS for the current year.

Avnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, June 3rd. Avnet’s dividend payout ratio is 54.47%.

Analyst Ratings Changes

AVT has been the subject of several recent research reports. Zacks Research raised shares of Avnet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a research report on Tuesday. Wall Street Zen downgraded Avnet from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Raymond James Financial reissued a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a research note on Thursday, April 30th. Finally, Truist Financial raised their target price on Avnet to $95.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Avnet Profile

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.