Avient Co. (NYSE:AVNT) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Avient Co. (NYSE:AVNT - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,836 shares of the company's stock after purchasing an additional 26,055 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Avient worth $3,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVNT. Raymond James Financial Inc. bought a new stake in Avient during the 4th quarter worth approximately $8,344,000. Xponance Inc. boosted its stake in Avient by 5.3% during the fourth quarter. Xponance Inc. now owns 12,942 shares of the company's stock valued at $529,000 after buying an additional 656 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Avient by 3.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 42,076 shares of the company's stock worth $1,719,000 after acquiring an additional 1,295 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Avient by 2.4% in the 4th quarter. Wells Fargo & Company MN now owns 276,810 shares of the company's stock valued at $11,310,000 after acquiring an additional 6,609 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Avient by 120.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,460,481 shares of the company's stock valued at $59,675,000 after acquiring an additional 797,112 shares during the last quarter. Institutional investors own 95.48% of the company's stock.

Avient Stock Down 0.6%

NYSE:AVNT traded down $0.20 during mid-day trading on Friday, hitting $35.94. 408,238 shares of the company's stock were exchanged, compared to its average volume of 552,587. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.88 and a quick ratio of 1.42. The business has a fifty day moving average price of $34.86 and a 200 day moving average price of $41.08. Avient Co. has a one year low of $27.86 and a one year high of $54.68. The company has a market cap of $3.29 billion, a PE ratio of 19.64, a P/E/G ratio of 1.25 and a beta of 1.38.

Avient (NYSE:AVNT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $826.60 million for the quarter, compared to the consensus estimate of $834.90 million. Avient had a net margin of 5.23% and a return on equity of 10.44%. Avient's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. Equities analysts predict that Avient Co. will post 2.85 EPS for the current year.

Avient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, June 20th. This represents a $1.08 annualized dividend and a yield of 3.01%. Avient's dividend payout ratio (DPR) is currently 100.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AVNT shares. Robert W. Baird started coverage on shares of Avient in a research note on Friday, March 14th. They issued a "neutral" rating and a $43.00 target price on the stock. Seaport Res Ptn raised Avient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Avient from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley lowered their price target on Avient from $51.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Finally, Baird R W upgraded shares of Avient to a "hold" rating in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Avient has an average rating of "Moderate Buy" and a consensus target price of $46.80.

Avient Company 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.