Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Avient Corporation (NYSE:AVNT – Free Report) by 83.7% during the first quarter, Holdings Channel reports. The fund owned 10,787 shares of the company’s stock after selling 55,304 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Avient were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Avient in the 4th quarter valued at about $41,457,000. Invesco Ltd. grew its holdings in Avient by 697.0% in the 4th quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock valued at $45,050,000 after buying an additional 1,261,146 shares in the last quarter. Millennium Management LLC increased its position in Avient by 440.4% during the 3rd quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock worth $44,060,000 after buying an additional 1,089,744 shares during the period. Jennison Associates LLC lifted its holdings in shares of Avient by 96.0% during the first quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock worth $51,229,000 after buying an additional 691,316 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Avient by 147.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 799,621 shares of the company’s stock worth $24,980,000 after purchasing an additional 476,016 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.
Wall Street Analyst Weigh In
AVNT has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a research note on Wednesday, May 13th. UBS Group set a $44.00 target price on Avient in a report on Monday, June 8th. Truist Financial initiated coverage on Avient in a research note on Monday, June 8th. They issued a “buy” rating and a $44.00 price target for the company. Finally, Robert W. Baird set a $43.00 price objective on shares of Avient in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.71.
Avient Stock Performance
NYSE AVNT opened at $36.33 on Monday. The firm’s fifty day moving average price is $36.41 and its two-hundred day moving average price is $36.87. The stock has a market cap of $3.33 billion, a PE ratio of 21.12, a PEG ratio of 1.14 and a beta of 1.27. 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 Corporation has a fifty-two week low of $27.48 and a fifty-two week high of $44.85.
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, beating analysts’ consensus estimates of $0.81 by $0.02. The company had revenue of $847.40 million during the quarter, compared to analysts’ expectations of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.Avient’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior 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, equities analysts expect that Avient Corporation will post 3.08 EPS for the current fiscal year.
Avient Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, September 11th. Avient’s dividend payout ratio (DPR) is 63.95%.
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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