Grantham Mayo Van Otterloo & Co. LLC Has $9.07 Million Stake in Avnet, Inc. $AVT

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Avnet, Inc. (NASDAQ:AVT) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,911 shares of the company’s stock after purchasing an additional 11,926 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.20% of Avnet worth $9,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVT. Envestnet Asset Management Inc. increased its stake in Avnet by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 156,379 shares of the company’s stock worth $8,301,000 after acquiring an additional 3,174 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Avnet during the 2nd quarter worth $363,000. Seizert Capital Partners LLC bought a new position in shares of Avnet in the second quarter worth $1,729,000. Bank of New York Mellon Corp raised its stake in Avnet by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 1,101,103 shares of the company’s stock valued at $58,447,000 after purchasing an additional 36,549 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in Avnet in the second quarter valued at about $215,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Trading Up 0.6%

NASDAQ AVT opened at $47.51 on Friday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05. Avnet, Inc. has a twelve month low of $39.22 and a twelve month high of $57.24. The company has a quick ratio of 1.16, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $49.57 and its 200 day moving average is $51.78.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS. As a group, sell-side analysts expect that Avnet, Inc. will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.40 annualized dividend and a yield of 2.9%. Avnet’s dividend payout ratio (DPR) is currently 52.24%.

Analyst Ratings Changes

AVT has been the topic of several recent analyst reports. Bank of America raised their target price on shares of Avnet from $48.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 11th. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Truist Financial boosted their price objective on shares of Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $49.33.

Avnet Company 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.