Intech Investment Management LLC lessened its position in Avient Corporation (NYSE:AVNT – Free Report) by 35.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,161 shares of the company’s stock after selling 18,692 shares during the quarter. Intech Investment Management LLC’s holdings in Avient were worth $1,067,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Avient in the 3rd quarter valued at approximately $29,000. TD Private Client Wealth LLC lifted its position in shares of Avient by 342.3% in the 4th quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock valued at $29,000 after acquiring an additional 729 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Avient in the 3rd quarter valued at approximately $40,000. Quarry LP lifted its position in shares of Avient by 83.1% in the 3rd quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $41,000 after acquiring an additional 560 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Avient in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.
Wall Street Analyst Weigh In
AVNT has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Morgan Stanley set a $45.00 target price on shares of Avient in a research report on Friday, February 13th. KeyCorp reiterated a “sector weight” rating on shares of Avient in a research report on Wednesday, March 4th. Robert W. Baird set a $43.00 target price on shares of Avient in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Avient from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Avient has a consensus rating of “Hold” and an average price target of $46.40.
Avient Stock Performance
Shares of AVNT opened at $33.96 on Friday. The company’s fifty day moving average is $35.97 and its 200-day moving average is $35.19. Avient Corporation has a 12 month low of $27.48 and a 12 month high of $44.85. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.80.
Avient (NYSE:AVNT – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. Avient had a net margin of 4.81% and a return on equity of 11.11%. The company had revenue of $847.40 million for the quarter, compared to analyst estimates of $846.35 million. During the same quarter in the prior year, the business posted $0.76 EPS. Avient’s quarterly 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. Equities analysts expect that Avient Corporation will post 3.08 EPS for the current fiscal year.
Avient Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.10 annualized dividend and a dividend yield of 3.2%. Avient’s dividend 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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