ARK Investment Management LLC Purchases 354 Shares of Avient Corporation $AVNT

ARK Investment Management LLC lifted its position in shares of Avient Corporation (NYSE:AVNT) by 18.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the company’s stock after purchasing an additional 354 shares during the quarter. ARK Investment Management LLC’s holdings in Avient were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in Avient by 24.6% in the first quarter. Intech Investment Management LLC now owns 97,359 shares of the company’s stock worth $3,618,000 after acquiring an additional 19,223 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Avient by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 969,159 shares of the company’s stock worth $36,014,000 after purchasing an additional 15,737 shares during the last quarter. Strs Ohio purchased a new position in shares of Avient in the first quarter worth $7,804,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Avient in the first quarter worth $230,000. Finally, Blue Trust Inc. raised its stake in shares of Avient by 20.1% in the first quarter. Blue Trust Inc. now owns 2,645 shares of the company’s stock worth $98,000 after purchasing an additional 443 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors.

Avient Stock Performance

Shares of AVNT opened at $31.78 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $34.60 and a two-hundred day simple moving average of $34.32. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.12 and a beta of 1.41. Avient Corporation has a 52 week low of $27.86 and a 52 week high of $54.68.

Avient (NYSE:AVNT) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $866.50 million during the quarter, compared to analysts’ expectations of $852.98 million. Avient had a return on equity of 10.57% and a net margin of 3.65%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, analysts expect that Avient Corporation will post 2.85 EPS for the current year.

Avient Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 12th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.5%. This is a boost from Avient’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 12th. Avient’s dividend payout ratio (DPR) is currently 84.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a research report on Wednesday, October 8th. Robert W. Baird reduced their price objective on Avient from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Finally, KeyCorp assumed coverage on Avient in a research report on Wednesday, September 17th. They set an “overweight” rating and a $48.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.60.

Avient Profile

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.