Engineers Gate Manager LP Lowers Stake in Avient Corporation $AVNT

Key Points

• Engineers Gate Manager LP cut its Avient stake by 70.1% in the second quarter, selling 39,170 shares and retaining 16,720 shares valued at approximately $618,000. Institutional investors collectively own 95.48% of Avient.
• Avient reported quarterly earnings of $0.96 per share, beating estimates of $0.89, while revenue rose 5.8% year over year to $917 million. The company guided for fiscal 2026 EPS of $3.10–$3.25.
• Avient declared a quarterly dividend of $0.275 per share, equal to an annualized $1.10 payout and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $46.71.

Engineers Gate Manager LP lowered its position in Avient Corporation (NYSE:AVNT - Free Report) by 70.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,720 shares of the company's stock after selling 39,170 shares during the period. Engineers Gate Manager LP's holdings in Avient were worth $618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Avient during the second quarter valued at about $96,000. NewEdge Advisors LLC increased its position in shares of Avient by 40.9% during the 2nd quarter. NewEdge Advisors LLC now owns 11,824 shares of the company's stock valued at $437,000 after purchasing an additional 3,430 shares during the last quarter. Allworth Financial LP increased its position in Avient by 18.1% during the second quarter. Allworth Financial LP now owns 1,798 shares of the company's stock valued at $66,000 after acquiring an additional 275 shares during the last quarter. Nykredit A S purchased a new stake in Avient in the 2nd quarter worth about $61,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Avient in the second quarter worth approximately $375,000. 95.48% of the stock is currently owned by institutional investors.

Avient Stock Up 0.3%

Shares of AVNT opened at $40.47 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $41.22 and a two-hundred day simple moving average of $37.87. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $46.64. The company has a market capitalization of $3.71 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. The business had revenue of $917.00 million during the quarter, compared to analysts' expectations of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. As a group, equities analysts forecast that Avient Corporation will post 3.2 EPS for the current year.

Avient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be issued 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 dividend yield of 2.7%. Avient's dividend payout ratio (DPR) is presently 59.46%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AVNT. Seaport Research Partners reaffirmed a "buy" rating and issued a $54.00 price target on shares of Avient in a research note on Friday, August 7th. Wells Fargo & Company raised their price objective on Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. UBS Group set a $44.00 price target on Avient in a research report on Monday, June 8th. Weiss Ratings upgraded Avient from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Finally, Wall Street Zen raised Avient from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Avient currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.71.

About Avient

Avient Corporation NYSE: AVNT is a global materials company that develops and manufactures specialized polymer products and solutions. Its offerings include engineered materials, polymer colorants and additives, composites, films, and other products designed to improve the performance, appearance, durability, and sustainability of manufactured goods.

The company serves customers across industries including transportation, healthcare, packaging, consumer goods, electronics, energy, and building and infrastructure.

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