Cullen Capital Management LLC Takes $1.01 Million Position in Avient Corporation $AVNT

Key Points

• Cullen Capital Management opened a new Avient position worth approximately $1.01 million, purchasing 27,416 shares. Institutional investors collectively own 95.48% of the company.
• Analysts maintain a generally positive outlook, with Avient receiving a “Moderate Buy” consensus rating and an average price target of $46.71; targets range from $43 to $54.
• Avient exceeded quarterly earnings and revenue expectations, reporting $0.96 in EPS and $917 million in revenue, while revenue increased 5.8% year over year. The company also declared a quarterly dividend of $0.275 per share, representing a 2.5% yield.

Cullen Capital Management LLC purchased a new position in Avient Corporation (NYSE:AVNT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,416 shares of the company's stock, valued at approximately $1,013,000.

Several other large investors also recently bought and sold shares of AVNT. TD Private Client Wealth LLC raised its holdings in Avient by 342.3% in the 4th quarter. TD Private Client Wealth LLC now owns 942 shares of the company's stock valued at $29,000 after acquiring an additional 729 shares during the last quarter. Torren Management LLC acquired a new position in shares of Avient during the 4th quarter worth approximately $39,000. Danske Bank A S acquired a new position in shares of Avient during the 3rd quarter worth approximately $40,000. Quarry LP grew its position in shares of Avient by 83.1% in the third quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $41,000 after purchasing an additional 560 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Avient in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 95.48% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AVNT shares. Weiss Ratings upgraded Avient from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. Robert W. Baird set a $43.00 target price on Avient in a report on Friday, May 8th. 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. UBS Group set a $44.00 target price on Avient in a research note on Monday, June 8th. Finally, Truist Financial lifted 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. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $46.71.

Avient Stock Performance

Avient stock opened at $44.47 on Tuesday. The firm has a 50 day simple moving average of $38.99 and a 200-day simple moving average of $37.68. Avient Corporation has a 1-year low of $27.48 and a 1-year high of $46.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27.

Avient (NYSE:AVNT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. During the same quarter in the previous year, the company earned $0.80 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. 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, analysts expect that Avient Corporation will post 3.2 EPS for the current year.

Avient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 annualized dividend and a 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.

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