Deutsche Bank AG Has $2.92 Million Stock Position in Avient Corporation $AVNT

Key Points

• Deutsche Bank AG reduced its stake in Avient Corporation by 8.3% in the first quarter, now holding 78,669 shares valued at approximately $2.9 million.
• Avient recently announced a quarterly dividend of $0.27 per share, with a dividend yield of 3.0%, set to be paid on October 8th.
• Shares of Avient opened at $35.91 on Wednesday, having reached a 12-month low of $27.86 and a high of $54.68.

Deutsche Bank AG cut its stake in Avient Corporation (NYSE:AVNT - Free Report) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,669 shares of the company's stock after selling 7,167 shares during the period. Deutsche Bank AG owned approximately 0.09% of Avient worth $2,923,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AVNT. LPL Financial LLC boosted its holdings in Avient by 4.3% in the 4th quarter. LPL Financial LLC now owns 15,289 shares of the company's stock valued at $625,000 after purchasing an additional 629 shares during the period. Invesco Ltd. boosted its holdings in Avient by 0.9% in the 4th quarter. Invesco Ltd. now owns 187,642 shares of the company's stock valued at $7,667,000 after purchasing an additional 1,688 shares during the period. Raymond James Financial Inc. bought a new stake in Avient in the 4th quarter valued at $8,344,000. Barclays PLC boosted its holdings in Avient by 23.8% in the 4th quarter. Barclays PLC now owns 214,221 shares of the company's stock valued at $8,753,000 after purchasing an additional 41,219 shares during the period. Finally, Jump Financial LLC boosted its holdings in Avient by 18.2% in the 4th quarter. Jump Financial LLC now owns 13,000 shares of the company's stock valued at $531,000 after purchasing an additional 2,000 shares during the period. 95.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AVNT. Robert W. Baird reduced their price target on shares of Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Morgan Stanley reduced their price objective on shares of Avient from $51.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Finally, Wells Fargo & Company raised their price objective on shares of Avient from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. One 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.60.

Avient Price Performance

Shares of NYSE:AVNT traded up $0.18 during midday trading on Monday, reaching $37.70. 901,131 shares of the company's stock were exchanged, compared to its average volume of 740,490. The company's 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $36.07. The firm has a market capitalization of $3.45 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. Avient Corporation has a 12 month low of $27.86 and a 12 month high of $54.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03.

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

Avient Dividend Announcement

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

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.