Avient Corporation $AVNT Holdings Lowered by Appian Way Asset Management LP

Key Points

• Appian Way Asset Management LP has reduced its holdings in Avient Corporation by 65%, now owning 17,074 shares valued at approximately $634,000.
• Several institutional investors have recently increased their stakes in Avient, with Nuveen LLC purchasing a new stake worth over $50 million and Ameriprise Financial Inc. increasing its position by over 200%.
• Avient has announced a quarterly dividend of $0.27 per share, with a dividend yield of 2.9%, and has set its Q3 2025 guidance at an EPS of 0.700.

Appian Way Asset Management LP trimmed its position in shares of Avient Corporation (NYSE:AVNT - Free Report) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,074 shares of the company's stock after selling 31,726 shares during the quarter. Avient accounts for approximately 0.1% of Appian Way Asset Management LP's portfolio, making the stock its 26th largest holding. Appian Way Asset Management LP's holdings in Avient were worth $634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew 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 worth $27,000 after buying an additional 318 shares during the period. UMB Bank n.a. grew its position in shares of Avient by 85.8% in the first 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 last quarter. GAMMA Investing LLC grew its position in shares of Avient by 57.5% in the first quarter. GAMMA Investing LLC now owns 1,422 shares of the company's stock valued at $53,000 after purchasing an additional 519 shares during the last quarter. Allworth Financial LP grew its position in shares of Avient by 2,450.0% in the first quarter. Allworth Financial LP now owns 1,479 shares of the company's stock valued at $55,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Avient in the first quarter valued at approximately $56,000. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Trading Up 1.1%

Shares of AVNT stock traded up $0.41 during mid-day trading on Friday, reaching $37.71. The company's stock had a trading volume of 592,442 shares, compared to its average volume of 535,587. The company's 50 day simple moving average is $34.64 and its 200-day simple moving average is $35.76. The firm has a market capitalization of $3.45 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. Avient Corporation has a 12-month low of $27.86 and a 12-month high of $54.68. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

Avient (NYSE:AVNT - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $866.50 million during the quarter, compared to analyst estimates of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The business's revenue was up 1.9% on a year-over-year basis. During the same period last year, the business 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, research analysts predict that Avient Corporation will post 2.85 EPS for the current fiscal 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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 12th. Avient's dividend payout ratio (DPR) is presently 84.38%.

Wall Street Analyst Weigh In

AVNT has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Morgan Stanley reduced their price objective on shares of 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 investment 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. According to data from MarketBeat.com, Avient presently has an average rating of "Moderate Buy" and a consensus target price of $45.60.

Avient 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.