Charles Schwab Investment Management Inc. Has $45.69 Million Holdings in Avient Corporation $AVNT

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Avient Corporation by 2.1%, holding approximately 1.34% of the company valued at $45.69 million as of its latest SEC filing.
• Avient recently declared a quarterly dividend of $0.27, representing an annualized dividend of $1.08 and a dividend yield of 3.0%, with a payout ratio of 84.38%.
• Analysts have mixed ratings on Avient, with price targets ranging from $37.00 to $45.60, and a consensus rating of "Moderate Buy."

Charles Schwab Investment Management Inc. trimmed its stake in Avient Corporation (NYSE:AVNT - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,229,452 shares of the company's stock after selling 26,452 shares during the period. Charles Schwab Investment Management Inc. owned about 1.34% of Avient worth $45,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its position in Avient by 85.8% in the 1st quarter. UMB Bank n.a. now owns 1,126 shares of the company's stock worth $42,000 after purchasing an additional 520 shares during the last quarter. GAMMA Investing LLC grew its position in Avient by 57.5% in the 1st quarter. GAMMA Investing LLC now owns 1,422 shares of the company's stock worth $53,000 after purchasing an additional 519 shares during the last quarter. Allworth Financial LP grew its position in Avient by 2,450.0% in the 1st quarter. Allworth Financial LP now owns 1,479 shares of the company's stock worth $55,000 after purchasing an additional 1,421 shares during the last quarter. Curat Global LLC acquired a new stake in Avient in the 1st quarter worth $56,000. Finally, CWM LLC grew its position in Avient by 45.2% in the 1st quarter. CWM LLC now owns 2,569 shares of the company's stock worth $95,000 after purchasing an additional 800 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Morgan Stanley decreased their target price on shares of Avient from $51.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Finally, Wells Fargo & Company lifted their target price on shares of Avient from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.60.

Avient Price Performance

NYSE:AVNT traded down $0.1650 on Thursday, reaching $35.3150. The stock had a trading volume of 394,294 shares, compared to its average volume of 754,011. The company has a market capitalization of $3.23 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. Avient Corporation has a 1-year low of $27.86 and a 1-year 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. The stock has a fifty day moving average price of $33.86 and a 200-day moving average price of $36.23.

Avient (NYSE:AVNT - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The firm had revenue of $866.50 million for 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 company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. Research analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 12th will be given a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 3.1%. Avient's payout ratio is 84.38%.

About Avient

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.