Northwestern Mutual Wealth Management Co. grew its holdings in Avient Corporation (NYSE:AVNT – Free Report) by 24,899.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,497 shares of the company’s stock after acquiring an additional 105,075 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Avient were worth $3,296,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in Avient by 54.2% during the third quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after buying an additional 340 shares during the last quarter. Arizona State Retirement System raised its position in Avient by 1.4% during the third quarter. Arizona State Retirement System now owns 27,085 shares of the company’s stock valued at $892,000 after purchasing an additional 372 shares during the period. Oppenheimer Asset Management Inc. raised its position in Avient by 6.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,729 shares of the company’s stock valued at $288,000 after purchasing an additional 502 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Avient by 1.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 52,636 shares of the company’s stock valued at $1,700,000 after purchasing an additional 518 shares during the period. Finally, Quarry LP raised its holdings in shares of Avient by 83.1% in the third quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after buying an additional 560 shares during the period. 95.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Wall Street Zen upgraded Avient from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Avient in a research report on Wednesday, March 4th. Wells Fargo & Company increased their target price on Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Robert W. Baird set a $43.00 price objective on Avient in a research report on Friday, May 8th. Finally, Morgan Stanley set a $45.00 price objective on Avient in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.40.
Avient Stock Performance
NYSE AVNT opened at $34.30 on Monday. The stock has a 50-day simple moving average of $35.73 and a two-hundred day simple moving average of $34.88. The firm has a market capitalization of $3.15 billion, a P/E ratio of 19.94, a PEG ratio of 1.04 and a beta of 1.31. Avient Corporation has a fifty-two week low of $27.48 and a fifty-two week high of $44.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77.
Avient (NYSE:AVNT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Avient had a return on equity of 11.11% and a net margin of 4.81%.The business had revenue of $847.40 million during the quarter, compared to analyst estimates of $846.35 million. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. On average, equities analysts forecast that Avient Corporation will post 3.08 earnings per share for the current year.
Avient Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, June 18th. Avient’s payout ratio is 63.95%.
Avient Profile
Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.
Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.
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