B. Metzler seel. Sohn & Co. AG Acquires New Position in Avient Corporation $AVNT

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 70,260 Avient shares in the second quarter, worth approximately $2.6 million and representing 0.08% of the company. Institutional investors collectively own 95.48% of Avient.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $46.71. Recent targets range from $43 to $54.
• Avient exceeded quarterly earnings and revenue expectations, reporting $0.96 in EPS and $917 million in revenue, while maintaining a quarterly dividend of $0.275 per share, or a 2.5% annualized yield.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Avient Corporation (NYSE:AVNT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 70,260 shares of the company's stock, valued at approximately $2,597,000. B. Metzler seel. Sohn & Co. AG owned 0.08% of Avient as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVNT. M&T Bank Corp purchased a new stake in shares of Avient in the 4th quarter valued at approximately $2,350,000. Vanguard Group Inc. increased its holdings in Avient by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company's stock valued at $319,223,000 after buying an additional 77,246 shares during the last quarter. Fiera Capital Corp raised its stake in Avient by 30.1% in the fourth quarter. Fiera Capital Corp now owns 781,868 shares of the company's stock valued at $24,426,000 after buying an additional 180,839 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Avient by 111.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 57,652 shares of the company's stock worth $2,093,000 after buying an additional 30,365 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Avient by 13.3% during the 1st quarter. Bank of America Corp DE now owns 1,066,828 shares of the company's stock worth $38,726,000 after buying an additional 124,831 shares during the last quarter. Hedge funds and other institutional investors own 95.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on AVNT. UBS Group set a $44.00 price target on shares of Avient in a research note on Monday, June 8th. Seaport Research Partners reissued a "buy" rating and issued a $54.00 price target on shares of Avient in a research report on Friday, August 7th. Robert W. Baird set a $43.00 price objective on Avient in a report on Friday, May 8th. Truist Financial boosted their target price on Avient from $44.00 to $50.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Avient in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.71.

Avient Stock Performance

Shares of AVNT stock opened at $44.62 on Friday. 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 stock has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $37.63. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. 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 announced its quarterly earnings data on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.07. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.Avient's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. 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, equities analysts forecast that Avient Corporation will post 3.2 EPS for the current year.

Avient Announces Dividend

The business 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 is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. Avient's dividend payout ratio (DPR) is 59.46%.

Avient Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source