Bank of America Corp DE Purchases 124,831 Shares of Avient Corporation $AVNT

Key Points

• Bank of America increased its Avient stake by 13.3%, purchasing 124,831 additional shares to own 1.07 million shares valued at approximately $38.7 million. Institutional investors collectively hold 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 provided fiscal 2026 EPS guidance of $3.10–$3.25.
• Avient declared a quarterly dividend of $0.275 per share, representing a $1.10 annualized payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $46.71.

Bank of America Corp DE raised its position in Avient Corporation (NYSE:AVNT - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,066,828 shares of the company's stock after buying an additional 124,831 shares during the period. Bank of America Corp DE owned 1.16% of Avient worth $38,726,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. M&T Bank Corp bought a new position in Avient during the fourth quarter worth about $2,350,000. Fiera Capital Corp raised its position in shares of 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 purchasing an additional 180,839 shares during the period. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 77,246 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Avient by 111.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 57,652 shares of the company's stock valued at $2,093,000 after buying an additional 30,365 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 valued at $180,546,000 after buying an additional 192,788 shares in the last quarter. Institutional investors own 95.48% of the company's stock.

Avient Stock Up 1.6%

AVNT opened at $46.08 on Friday. The business's fifty day simple moving average is $37.76 and its 200 day simple moving average is $37.29. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $46.64. 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 $4.23 billion, a PE ratio of 24.91, a P/E/G ratio of 1.31 and a beta of 1.27.

Avient (NYSE:AVNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $917.00 million during 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%.The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous 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. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a yield of 2.4%. Avient's dividend payout ratio is currently 59.46%.

Analysts Set New Price Targets

AVNT has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Robert W. Baird set a $43.00 target price on Avient in a research report on Friday, May 8th. Truist Financial raised their price target on Avient from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Avient in a report on Friday, August 7th. Finally, UBS Group set a $44.00 price target on Avient in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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