14,065 Shares in Avient Corporation $AVNT Bought by Delta Investment Management LLC

Key Points

• Delta Investment Management LLC acquired 14,065 shares of Avient Corporation, valued at approximately $523,000, during the first quarter.
• Analysts have mixed ratings on Avient, with price targets ranging from $37.00 to $45.60, reflecting a general expectation of moderate growth.
• The company declared a quarterly dividend of $0.27, which will be paid on October 8th, representing an annualized dividend of $1.08 and a yield of 2.9%.

Delta Investment Management LLC acquired a new position in Avient Corporation (NYSE:AVNT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,065 shares of the company's stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVNT. Bank of New York Mellon Corp boosted its position in Avient by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 969,159 shares of the company's stock worth $36,014,000 after purchasing an additional 15,737 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Avient during the 1st quarter valued at $230,000. Blue Trust Inc. increased its stake in Avient by 20.1% during the 1st quarter. Blue Trust Inc. now owns 2,645 shares of the company's stock worth $98,000 after buying an additional 443 shares during the period. Nuveen LLC purchased a new position in Avient in the 1st quarter valued at about $50,471,000. Finally, GAMMA Investing LLC grew its stake in shares of Avient by 57.5% during the first quarter. GAMMA Investing LLC now owns 1,422 shares of the company's stock valued at $53,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company's stock.

Wall Street Analysts Forecast Growth

AVNT has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Avient from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird lowered their price objective on Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Morgan Stanley cut their price objective on Avient from $51.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.60.

Avient Stock Performance

Shares of AVNT opened at $37.20 on Wednesday. The firm has a fifty day moving average of $34.04 and a 200-day moving average of $36.07. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03. Avient Corporation has a 1 year low of $27.86 and a 1 year high of $54.68.

Avient (NYSE:AVNT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $866.50 million for the quarter, compared to the consensus estimate of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. Avient's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, equities analysts anticipate that Avient Corporation will post 2.85 earnings per share for the current year.

Avient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 2.9%. Avient's dividend payout ratio is presently 84.38%.

Avient Company Profile

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.

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