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 decreased its position in Avient Corporation (NYSE:AVNT - Free Report) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 78,669 shares of the company's stock after selling 7,167 shares during the period. Deutsche Bank AG owned about 0.09% of Avient worth $2,923,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Avient by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,069,093 shares of the company's stock worth $166,259,000 after acquiring an additional 90,535 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Avient by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,513,732 shares of the company's stock valued at $129,586,000 after purchasing an additional 27,608 shares in the last quarter. Victory Capital Management Inc. increased its position in Avient by 4.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,522,503 shares of the company's stock worth $56,576,000 after purchasing an additional 62,022 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Avient by 14.2% during the 4th quarter. Nuveen Asset Management LLC now owns 1,332,275 shares of the company's stock worth $54,437,000 after purchasing an additional 165,322 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Avient by 200.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,321,791 shares of the company's stock valued at $54,012,000 after buying an additional 882,234 shares during the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Avient Stock Performance

NYSE:AVNT traded up $2.1390 during trading hours on Friday, hitting $37.4890. 608,436 shares of the company traded hands, compared to its average volume of 737,927. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85. Avient Corporation has a twelve month low of $27.86 and a twelve month high of $54.68. The firm has a 50-day moving average of $33.92 and a 200 day moving average of $36.19. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 1.22 and a beta of 1.38.

Avient (NYSE:AVNT - Get Free Report) last announced 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. Avient had a return on equity of 10.57% and a net margin of 3.65%.The company had revenue of $866.50 million during the quarter, compared to the consensus estimate of $852.98 million. During the same quarter last year, the company earned $0.76 EPS. The company's quarterly revenue was up 1.9% on a year-over-year basis. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 2.9%. Avient's payout ratio is currently 84.38%.

Analysts Set New Price Targets

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

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.