Avient Co. (NYSE:AVNT) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. decreased its position in shares of Avient Co. (NYSE:AVNT - Free Report) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 554,269 shares of the company's stock after selling 155,891 shares during the period. Deprince Race & Zollo Inc. owned 0.61% of Avient worth $22,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its stake in Avient by 221.7% during the 3rd quarter. Barclays PLC now owns 173,002 shares of the company's stock worth $8,706,000 after buying an additional 119,229 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Avient by 15.8% during the third quarter. Tidal Investments LLC now owns 16,592 shares of the company's stock valued at $835,000 after acquiring an additional 2,261 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Avient by 22.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 608,621 shares of the company's stock valued at $30,626,000 after purchasing an additional 111,489 shares during the last quarter. Diversified Trust Co boosted its stake in Avient by 21.8% in the 4th quarter. Diversified Trust Co now owns 13,671 shares of the company's stock worth $559,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Avient by 1.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 108,033 shares of the company's stock worth $4,414,000 after purchasing an additional 1,386 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVNT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Avient from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley lowered their price target on Avient from $51.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday. Baird R W raised Avient to a "hold" rating in a report on Friday, March 14th. Seaport Res Ptn upgraded Avient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, Robert W. Baird began coverage on shares of Avient in a report on Friday, March 14th. They issued a "neutral" rating and a $43.00 price target on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.80.

Avient Stock Performance

NYSE:AVNT traded up $0.02 during trading hours on Tuesday, reaching $39.03. The company had a trading volume of 266,519 shares, compared to its average volume of 671,098. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.88 and a quick ratio of 1.42. Avient Co. has a 1-year low of $27.86 and a 1-year high of $54.68. The business's 50 day moving average price is $35.48 and its 200-day moving average price is $41.72. The firm has a market cap of $3.57 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38.

Avient (NYSE:AVNT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.01. The firm had revenue of $826.60 million for the quarter, compared to analysts' expectations of $834.90 million. Avient had a return on equity of 10.44% and a net margin of 5.23%. The company's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. Research analysts forecast that Avient Co. will post 2.85 EPS for the current year.

About Avient

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.