Algert Global LLC Decreases Stock Holdings in Avient Corporation $AVNT

Key Points

• Algert Global cut its Avient stake by 63.9% in the second quarter, selling 186,313 shares and retaining 105,170 shares valued at approximately $3.9 million. Institutional investors collectively own 95.48% of the company.
• Avient reported quarterly EPS of $0.96, beating estimates of $0.89, while revenue rose 5.8% year over year to $917 million. The company maintained fiscal 2026 EPS guidance of $3.10–$3.25.
• Avient declared a quarterly dividend of $0.275, equal to a 2.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $46.71, compared with the stock’s reported price of $44.34.

Algert Global LLC lowered its holdings in shares of Avient Corporation (NYSE:AVNT - Free Report) by 63.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,170 shares of the company's stock after selling 186,313 shares during the quarter. Algert Global LLC owned 0.11% of Avient worth $3,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Private Client Wealth LLC lifted its stake 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 valued at $29,000 after purchasing an additional 729 shares during the last quarter. Torren Management LLC bought a new stake in Avient in the fourth quarter worth $39,000. Danske Bank A S bought a new stake in Avient in the third quarter worth $40,000. Quarry LP boosted its stake in Avient by 83.1% during the third quarter. Quarry LP now owns 1,234 shares of the company's stock worth $41,000 after buying an additional 560 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Avient during the fourth quarter worth $43,000. 95.48% of the stock is owned by hedge funds and other institutional investors.

Avient Stock Down 1.0%

Shares of Avient stock opened at $44.34 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $46.64. The firm's 50-day moving average is $39.42 and its two-hundred day moving average is $37.81. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.29 and a beta of 1.27.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly 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 net margin of 5.10% and a return on equity of 11.64%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. During the same quarter in the previous year, the business posted $0.80 EPS. The company'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. As a group, research analysts expect that Avient Corporation will post 3.2 earnings per share for the current fiscal year.

Avient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be paid 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 yield of 2.5%. Avient's payout ratio is 59.46%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AVNT shares. Robert W. Baird set a $43.00 price target on shares of Avient in a research note on Friday, May 8th. Truist Financial increased their price objective on shares of Avient from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. UBS Group set a $44.00 price objective on shares of Avient in a research note on Monday, June 8th. Wells Fargo & Company boosted their target price on Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Finally, Seaport Research Partners reaffirmed a "buy" rating and set a $54.00 target price on shares of Avient in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently 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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