Which institution holds the most shares in Avnet Inc. (AVT)

Avnet Inc. (NASDAQ: AVT) is -11.27% lower on its value in year-to-date trading and has touched a low of $39.64 and a high of $51.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVT stock was last observed hovering at around $43.95 in the last trading session, with the day’s gains setting it 0.77%.

Currently trading at $44.72, the stock is -4.27% and -6.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing 1.75% at the moment leaves the stock -4.70% off its SMA200. AVT registered -3.66% loss for a year compared to 6-month gain of -2.49%. The firm has a 50-day simple moving average (SMA 50) of $0.29 and a 200-day simple moving average (SMA200) of $5.76.

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The stock witnessed a -5.53% loss in the last 1 month and extending the period to 3 months gives it a -2.89%, and is -1.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 1.83% over the month.

Avnet Inc. (AVT) has around 15800 employees, a market worth around $4.04B and $25.61B in sales. Current P/E ratio is 6.18 and Fwd P/E is 7.51. Profit margin for the company is 2.62%. Distance from 52-week low is 12.82% and -13.42% from its 52-week high. The company has generated returns on investments over the last 12 months (8.42%).

Avnet Inc. quarterly earnings per share for the current quarter are estimated at $1.1 with sales reaching $5.69B over the same period.The EPS is expected to shrink by -34.93% this year, but quarterly earnings will post -9.60% year-over-year.

503 institutions hold shares in Avnet Inc. (AVT), with institutional investors hold 100.09% of the company’s shares. The shares outstanding are 91.50M, and float is at 89.64M with Short Float at 2.59%. Institutions hold 99.32% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 10.38 million shares valued at $523.9 million. The investor’s holdings represent 9.58% of the AVT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.06 million shares valued at $457.25 million to account for 8.36% of the shares outstanding. The other top investors are Pzena Investment Management Llc which holds 8.69 million shares representing 8.01% and valued at over $438.31 million, while Dimensional Fund Advisors LP holds 5.57% of the shares totaling 6.04 million with a market value of $304.69 million.

Avnet Inc. (AVT) Insider Activity

A total of 13 insider transactions have happened at Avnet Inc. (AVT) in the last six months, with sales accounting for 0 and purchases happening 13 times. The most recent transaction is an insider sale by LAWRENCE JAMES A, the company’s Director. SEC filings show that LAWRENCE JAMES A sold 8,190 shares of the company’s common stock on Nov 24 at a price of $47.30 per share for a total of $0.39 million. Following the sale, the insider now owns 0.0 shares.

Avnet Inc. disclosed in a document filed with the SEC on Nov 21 that LAWRENCE JAMES A (Director) sold a total of 6,910 shares of the company’s common stock. The trade occurred on Nov 21 and was made at $47.68 per share for $0.33 million. Following the transaction, the insider now directly holds 8190.0 shares of the AVT stock.

Still, SEC filings show that on May 15, GALLAGHER PHILIP R (Chief Executive Officer) disposed off 32,740 shares at an average price of $41.35 for $1.35 million. The insider now directly holds 176,334 shares of Avnet Inc. (AVT).

Avnet Inc. (AVT): Who are the competitors?

One of the company’s main competitors (and peers) include Berkshire Hathaway Inc. Cl A (BRK.A) that is trading 28.11% up over the past 12 months.Berkshire Hathaway Inc. Cl B (BRK.B) lies in the list of competitors of the Avnet Inc. and is 28.27% higher over the same period from AVTArrow Electronics Inc. (ARW) is -10.46% down on the 1-year trading charts.