Avient Corporation $AVNT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in Avient Corporation (NYSE:AVNT - Free Report) by 40.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,183 shares of the company's stock after selling 7,691 shares during the period. Hsbc Holdings PLC's holdings in Avient were worth $415,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AVNT. UMB Bank n.a. grew its position in Avient by 85.8% in the first quarter. UMB Bank n.a. now owns 1,126 shares of the company's stock worth $42,000 after acquiring an additional 520 shares during the period. GAMMA Investing LLC grew its position in Avient by 57.5% in the first quarter. GAMMA Investing LLC now owns 1,422 shares of the company's stock worth $53,000 after acquiring an additional 519 shares during the period. Allworth Financial LP grew its position in Avient by 2,450.0% in the first quarter. Allworth Financial LP now owns 1,479 shares of the company's stock worth $55,000 after acquiring an additional 1,421 shares during the period. Curat Global LLC purchased a new position in Avient in the first quarter worth approximately $56,000. Finally, CWM LLC grew its position in Avient by 45.2% in the first quarter. CWM LLC now owns 2,569 shares of the company's stock worth $95,000 after acquiring an additional 800 shares during the period. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AVNT. Robert W. Baird lowered 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. 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, Wells Fargo & Company raised their price target on Avient from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Avient presently has a consensus rating of "Moderate Buy" and an average price target of $45.60.

Avient Stock Up 2.0%

Avient stock traded up $0.74 during midday trading on Thursday, reaching $37.31. The company's stock had a trading volume of 339,621 shares, compared to its average volume of 556,661. Avient Corporation has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.42 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.26 and a beta of 1.40. The business has a 50-day simple moving average of $34.46 and a 200-day simple moving average of $35.90.

Avient (NYSE:AVNT - Get Free Report) last posted its earnings results 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 business had revenue of $866.50 million for the quarter, compared to analysts' expectations of $852.98 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business's revenue was up 1.9% compared to the same quarter last year. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, research analysts expect that Avient Corporation will post 2.85 earnings per share for the current fiscal year.

Avient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders 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 payout ratio 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.