Bamco Inc. NY Makes New $25.87 Million Investment in Avient Corporation $AVNT

Bamco Inc. NY purchased a new stake in Avient Corporation (NYSE:AVNT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 700,000 shares of the company's stock, valued at approximately $25,872,000. Bamco Inc. NY owned approximately 0.76% of Avient as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in shares of Avient by 342.3% in the fourth 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 in the last quarter. Torren Management LLC bought a new stake in shares of Avient in the 4th quarter valued at approximately $39,000. Danske Bank A S acquired a new position in shares of Avient during the 3rd quarter worth $40,000. Quarry LP increased its position 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 last quarter. Finally, Kestra Advisory Services LLC acquired 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 Price Performance

Avient stock opened at $44.80 on Thursday. Avient Corporation has a 12-month low of $27.48 and a 12-month high of $46.64. The business's 50-day simple moving average is $39.29 and its 200 day simple moving average is $37.77. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 24.22, a P/E/G 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.07. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. Avient's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, research analysts anticipate that Avient Corporation will post 3.2 earnings per share for the current year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be given a $0.275 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.5%. Avient's dividend payout ratio is currently 59.46%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AVNT shares. Weiss Ratings raised Avient from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Seaport Research Partners restated a "buy" rating and issued a $54.00 target price on shares of Avient in a report on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of Avient from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Truist Financial raised 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, UBS Group set a $44.00 price objective on shares of Avient in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.71.

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.

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