UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Avient Corporation (NYSE:AVNT – Free Report) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,101 shares of the company’s stock after buying an additional 12,243 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Avient worth $8,541,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in AVNT. BlackRock Inc. purchased a new position in Avient during the 2nd quarter valued at about $437,002,000. Dimensional Fund Advisors LP grew its position in shares of Avient by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company’s stock valued at $180,546,000 after purchasing an additional 192,788 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Avient by 11.1% in the fourth quarter. Franklin Resources Inc. now owns 4,090,286 shares of the company’s stock valued at $127,781,000 after purchasing an additional 410,112 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Avient by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 3,012,847 shares of the company’s stock worth $111,355,000 after purchasing an additional 78,938 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Avient by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,283,321 shares of the company’s stock worth $71,341,000 after purchasing an additional 11,801 shares in the last quarter. 95.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AVNT has been the topic of a number of recent research reports. Seaport Research Partners reaffirmed a “buy” rating and issued a $54.00 target price on shares of Avient in a research note on Friday, August 7th. Wall Street Zen raised Avient from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings cut Avient from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. UBS Group set a $44.00 price objective on Avient in a research report on Monday, June 8th. Finally, Truist Financial increased their price objective on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Avient has a consensus rating of “Moderate Buy” and a consensus target price of $46.71.
Avient Price Performance
AVNT stock opened at $43.45 on Tuesday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $46.64. The stock’s fifty day simple moving average is $40.34 and its 200-day simple moving average is $37.91.
Avient (NYSE:AVNT – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%.The firm had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Equities research analysts expect that Avient Corporation will post 3.2 EPS for the current year.
Avient Announces Dividend
The business also recently announced 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 2.5%. The ex-dividend date is Friday, September 11th. Avient’s payout ratio is presently 59.46%.
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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