Hsbc Holdings PLC grew its holdings in Avient Corporation (NYSE:AVNT – Free Report) by 121.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,933 shares of the company’s stock after acquiring an additional 23,016 shares during the period. Hsbc Holdings PLC’s holdings in Avient were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Avient by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company’s stock valued at $319,223,000 after purchasing an additional 77,246 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Avient by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,781,099 shares of the company’s stock worth $149,363,000 after buying an additional 27,251 shares during the period. Franklin Resources Inc. increased its stake in shares of Avient by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 4,090,286 shares of the company’s stock worth $127,781,000 after buying an additional 410,112 shares during the period. Geode Capital Management LLC raised its holdings in Avient by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,283,321 shares of the company’s stock valued at $71,341,000 after acquiring an additional 11,801 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in Avient by 0.3% in the fourth quarter. Channing Capital Management LLC now owns 2,102,982 shares of the company’s stock valued at $65,697,000 after acquiring an additional 7,161 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.
Avient Price Performance
Shares of AVNT opened at $36.70 on Thursday. Avient Corporation has a 1-year low of $27.48 and a 1-year high of $44.85. The stock has a market cap of $3.37 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.77 and a quick ratio of 1.29. The firm has a fifty day moving average price of $36.00 and a 200 day moving average price of $36.09.
Avient Announces Dividend
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 given a dividend of $0.275 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.10 dividend on an annualized basis and a yield of 3.0%. Avient’s dividend payout ratio is presently 63.95%.
Wall Street Analysts Forecast Growth
Several research firms have commented on AVNT. Robert W. Baird set a $43.00 price target on shares of Avient in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Truist Financial began coverage on shares of Avient in a research note on Monday, June 8th. They set a “buy” rating and a $44.00 target price for the company. UBS Group set a $44.00 target price on shares of Avient in a research note on Monday, June 8th. Finally, KeyCorp restated a “sector weight” rating on shares of Avient in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.71.
View Our Latest Report on Avient
Avient Company 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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