Avient Corporation (NYSE:AVNT – Get Free Report)’s stock price was down 7.1% on Wednesday . The stock traded as low as $35.24 and last traded at $35.38. Approximately 406,930 shares traded hands during trading, a decline of 51% from the average session volume of 834,835 shares. The stock had previously closed at $38.10.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Robert W. Baird set a $43.00 price target on Avient in a research report on Friday, May 8th. UBS Group set a $44.00 price objective on shares of Avient in a research note on Monday, June 8th. Truist Financial initiated coverage on shares of Avient in a research report on Monday, June 8th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.71.
View Our Latest Stock Report on Avient
Avient Price Performance
Avient (NYSE:AVNT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $846.35 million. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. 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, analysts forecast that Avient Corporation will post 3.08 earnings per share for the current fiscal year.
Avient Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 18th. Avient’s payout ratio is presently 63.95%.
Institutional Investors Weigh In On Avient
Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Avient by 1.0% during the 1st quarter. Royal Bank of Canada now owns 128,730 shares of the company’s stock worth $4,782,000 after buying an additional 1,321 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Avient by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company’s stock valued at $1,998,000 after buying an additional 2,341 shares in the last quarter. NewEdge Advisors LLC grew its position in Avient by 294.8% in the first quarter. NewEdge Advisors LLC now owns 9,340 shares of the company’s stock valued at $347,000 after acquiring an additional 6,974 shares during the period. United Services Automobile Association acquired a new position in Avient during the first quarter worth $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Avient by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock worth $11,073,000 after acquiring an additional 10,535 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors.
About Avient
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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