Jefferies Financial Group Inc. bought a new position in shares of Avient Corporation (NYSE:AVNT – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 88,286 shares of the company’s stock, valued at approximately $2,758,000.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Avient by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company’s stock worth $319,223,000 after purchasing an additional 77,246 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Avient by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,753,848 shares of the company’s stock valued at $156,637,000 after buying an additional 62,926 shares in the last quarter. Channing Capital Management LLC grew its holdings in Avient by 19.1% during the 3rd quarter. Channing Capital Management LLC now owns 2,095,821 shares of the company’s stock valued at $69,057,000 after buying an additional 335,670 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Avient by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,800,903 shares of the company’s stock valued at $56,260,000 after buying an additional 70,978 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Avient by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,591,723 shares of the company’s stock valued at $52,447,000 after buying an additional 121,272 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on AVNT. Robert W. Baird set a $43.00 price target on Avient in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Wells Fargo & Company raised their price target on Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wall Street Zen upgraded Avient from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Morgan Stanley set a $45.00 price target on Avient in a report on Friday, February 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.40.
Avient Stock Performance
NYSE AVNT opened at $35.33 on Wednesday. The stock has a market capitalization of $3.24 billion, a PE ratio of 20.54, a P/E/G ratio of 1.10 and a beta of 1.31. Avient Corporation has a 1-year low of $27.48 and a 1-year high of $44.85. The business has a 50 day simple moving average of $35.75 and a two-hundred day simple moving average of $34.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.77 and a quick ratio of 1.29.
Avient (NYSE:AVNT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The business had revenue of $847.40 million during the quarter, compared to analyst estimates of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. 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, research analysts predict that Avient Corporation will post 3.08 EPS for the current fiscal year.
Avient Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, June 18th. Avient’s dividend payout ratio (DPR) is presently 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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