Cinctive Capital Management LP Invests $464,000 in Avient Corporation $AVNT

Key Points

• Cinctive Capital Management LP has invested approximately $464,000 in Avient Corporation by purchasing 12,487 shares in the first quarter.
• Avient's recent quarterly earnings exceeded expectations with earnings per share of $0.80, up from $0.76 a year prior, and revenue reaching $866.50 million.
• Several analysts have reduced their price targets for Avient, with Robert W. Baird lowering its target from $43.00 to $37.00, indicating a cautious outlook on the stock's performance.

Cinctive Capital Management LP purchased a new stake in shares of Avient Corporation (NYSE:AVNT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,487 shares of the company's stock, valued at approximately $464,000.

A number of other institutional investors also recently modified their holdings of AVNT. Alliancebernstein L.P. lifted its stake in shares of Avient by 9.1% in the first quarter. Alliancebernstein L.P. now owns 3,118,170 shares of the company's stock worth $115,871,000 after buying an additional 260,670 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its stake in Avient by 17.8% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 40,610 shares of the company's stock valued at $1,509,000 after buying an additional 6,150 shares during the last quarter. Royal Bank of Canada raised its holdings in Avient by 1.0% in the 1st quarter. Royal Bank of Canada now owns 128,730 shares of the company's stock worth $4,782,000 after acquiring an additional 1,321 shares during the period. The Manufacturers Life Insurance Company lifted its position in Avient by 12.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,057,479 shares of the company's stock worth $39,296,000 after acquiring an additional 117,878 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in Avient by 543.0% during the 1st quarter. Trexquant Investment LP now owns 128,926 shares of the company's stock worth $4,791,000 after acquiring an additional 108,874 shares during the last quarter. Institutional investors own 95.48% of the company's stock.

Avient Stock Performance

Avient stock traded up $1.14 during mid-day trading on Thursday, reaching $37.62. The company had a trading volume of 421,954 shares, compared to its average volume of 495,286. 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 firm has a market cap of $3.44 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.26 and a beta of 1.40. The company has a 50 day moving average of $34.92 and a 200-day moving average of $35.64. Avient Corporation has a 52 week low of $27.86 and a 52 week high of $54.68.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Avient had a net margin of 3.65% and a return on equity of 10.57%. The company had revenue of $866.50 million for the quarter, compared to the consensus estimate of $852.98 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business's revenue was up 1.9% compared to the same quarter last year. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, sell-side analysts expect that Avient Corporation will post 2.85 EPS for the current fiscal year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 12th. Avient's dividend payout ratio (DPR) is presently 84.38%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered their price target on Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.60.

Avient Profile

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.