11,823,646 Shares in Avient Corporation $AVNT Bought by BlackRock Inc.

Key Points

• BlackRock acquired 11.82 million Avient shares worth approximately $437 million during the second quarter, giving it a 12.89% stake. Institutional investors and hedge funds collectively own 95.48% of the company.
• Avient reported quarterly earnings of $0.96 per share, beating estimates of $0.89, while revenue rose 5.8% year over year to $917 million. The company issued fiscal 2026 EPS guidance of $3.10 to $3.25.
• Avient declared a quarterly dividend of $0.275 per share, equivalent to $1.10 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $46.71.

BlackRock Inc. purchased a new stake in Avient Corporation (NYSE:AVNT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,823,646 shares of the company's stock, valued at approximately $437,002,000. BlackRock Inc. owned 12.89% of Avient at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in shares of Avient by 342.3% in the 4th quarter. TD Private Client Wealth LLC now owns 942 shares of the company's stock worth $29,000 after acquiring an additional 729 shares during the period. Danske Bank A S bought a new stake in shares of Avient during the third quarter valued at approximately $40,000. Quarry LP increased its position in shares of Avient by 83.1% during the third quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $41,000 after purchasing an additional 560 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Avient by 51.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company's stock valued at $45,000 after purchasing an additional 424 shares in the last quarter. Finally, Torren Management LLC acquired a new position in shares of Avient in the fourth quarter valued at $39,000. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Stock Performance

Avient stock opened at $44.75 on Wednesday. The stock has a 50-day simple moving average of $39.13 and a 200 day simple moving average of $37.72. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.28 and a beta of 1.27. 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 12-month low of $27.48 and a 12-month high of $46.64.

Avient (NYSE:AVNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The company's revenue was up 5.8% on a year-over-year basis. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, research analysts anticipate that Avient Corporation will post 3.2 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 7th. Investors of record on Friday, September 11th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. Avient's dividend payout ratio (DPR) is currently 59.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AVNT shares. UBS Group set a $44.00 price target on shares of Avient in a report on Monday, June 8th. Truist Financial raised their price objective on shares of Avient from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Avient from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. Robert W. Baird set a $43.00 target price on shares of Avient in a research note on Friday, May 8th. Finally, Wells Fargo & Company upped their target price on shares of Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Avient has an average rating of "Moderate Buy" and a consensus target price of $46.71.

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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