Avient Corporation $AVNT Holdings Raised by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Avient stake by 214.8% in the third quarter, bringing its holdings to 42,198 shares valued at approximately $1.7 million. Institutional investors collectively own 95.48% of Avient.
• Avient exceeded quarterly expectations, reporting $0.96 in EPS on $917 million in revenue, with revenue up 5.8% year over year. The company guided to fiscal 2026 EPS of $3.10–$3.25.
• Avient raised its quarterly dividend to $0.2825 per share, equivalent to a 2.9% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $46.38.

State of Alaska Department of Revenue increased its stake in Avient Corporation (NYSE:AVNT - Free Report) by 214.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,198 shares of the company's stock after purchasing an additional 28,792 shares during the quarter. State of Alaska Department of Revenue's holdings in Avient were worth $1,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Avient during the 2nd quarter valued at about $437,002,000. Dimensional Fund Advisors LP raised its position in shares of Avient by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company's stock worth $180,546,000 after buying an additional 192,788 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Avient by 2.7% in the 2nd quarter. Wellington Management Group LLP now owns 3,012,847 shares of the company's stock worth $111,355,000 after acquiring an additional 78,938 shares during the period. Jennison Associates LLC lifted its stake in shares of Avient by 96.0% in the 1st quarter. Jennison Associates LLC now owns 1,411,254 shares of the company's stock worth $51,229,000 after acquiring an additional 691,316 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Avient in the 2nd quarter worth approximately $45,933,000. Institutional investors own 95.48% of the company's stock.

Avient Price Performance

Shares of Avient stock opened at $39.52 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The company's 50-day moving average price is $42.12 and its two-hundred day moving average price is $38.58. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $46.64. The stock has a market cap of $3.62 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28.

Avient (NYSE:AVNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating 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 company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period in the prior year, the company earned $0.80 EPS. Avient'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. As a group, sell-side analysts anticipate that Avient Corporation will post 3.20 EPS for the current fiscal year.

Avient Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Friday, December 11th will be paid a dividend of $0.2825 per share. This is a boost from Avient's previous quarterly dividend of $0.2750. This represents a $1.13 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, December 11th. Avient's dividend payout ratio (DPR) is currently 59.46%.

Analyst Upgrades and Downgrades

AVNT has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Avient in a research note on Monday, October 12th. They set an "equal weight" rating and a $44.00 price objective on the stock. Wall Street Zen cut Avient from a "strong-buy" rating to a "buy" rating in a report on Saturday. Zacks Research upgraded Avient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 29th. Seaport Research Partners reaffirmed a "buy" rating and set a $54.00 price target on shares of Avient in a research note on Friday, August 7th. Finally, Truist Financial increased their price target on Avient from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.38.

Avient Profile

Avient Corporation NYSE: AVNT is a global provider of specialized and sustainable polymer materials. The company develops, formulates and manufactures engineered materials, colorants, additives and performance-enhancing solutions used to improve the appearance, durability, processing and functionality of plastic products.

Its offerings include specialty polymer formulations, thermoplastic compounds, color and additive concentrates, advanced composites, barrier technologies and recycled or bio-based material solutions.

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