111 Capital Makes New Investment in Avient Corporation $AVNT

Key Points

• 111 Capital has made a new investment in Avient Corporation, purchasing 12,991 shares valued at approximately $420,000.
• Avient reported earnings of $0.80 per share for the last quarter, exceeding analyst estimates, and has set a Q3 2025 EPS guidance of $0.700.
• The company declared a quarterly dividend of $0.27 to be paid on October 8th, representing an annualized yield of 3.3%.

111 Capital purchased a new position in Avient Corporation (NYSE:AVNT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,991 shares of the company's stock, valued at approximately $420,000.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in Avient by 75.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 318 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Avient by 85.8% in the 1st quarter. UMB Bank n.a. now owns 1,126 shares of the company's stock valued at $42,000 after purchasing an additional 520 shares during the period. GAMMA Investing LLC boosted its position in shares of Avient by 57.5% during the 1st quarter. GAMMA Investing LLC now owns 1,422 shares of the company's stock valued at $53,000 after purchasing an additional 519 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Avient during the second quarter worth approximately $53,000. Finally, Signaturefd LLC increased its holdings in Avient by 39.1% in the second quarter. Signaturefd LLC now owns 1,630 shares of the company's stock worth $53,000 after purchasing an additional 458 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Stock Up 0.7%

Avient stock opened at $32.80 on Monday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The firm's fifty day moving average price is $35.07 and its two-hundred day moving average price is $34.77. Avient Corporation has a 1-year low of $27.86 and a 1-year high of $54.68. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85.

Avient (NYSE:AVNT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $866.50 million for the quarter, compared to analysts' expectations of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, equities research analysts predict that Avient Corporation will post 2.85 earnings per share for the current fiscal year.

Avient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 12th. Avient's dividend payout ratio is presently 84.38%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AVNT. Robert W. Baird cut their price target on Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. KeyCorp assumed coverage on shares of Avient in a report on Wednesday, September 17th. They issued an "overweight" rating and a $48.00 price target for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Avient in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.