Strs Ohio Purchases Shares of 210,000 Avient Corporation $AVNT

Key Points

• Strs Ohio has acquired a new stake in Avient Corporation, purchasing 210,000 shares valued at approximately $7.8 million, representing about 0.23% of the company's stock.
• Analysts have lowered the price target for Avient from $43.00 to $37.00, with an average target price of $45.60, while the stock has been rated as a "Moderate Buy."
• Avient recently announced a quarterly dividend of $0.27 per share, yielding 3.0%, with a payout ratio of 84.38%.

Strs Ohio purchased a new stake in shares of Avient Corporation (NYSE:AVNT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 210,000 shares of the company's stock, valued at approximately $7,804,000. Strs Ohio owned about 0.23% of Avient as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avient by 75.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 318 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Avient by 2.5% during the first quarter. Diversified Trust Co now owns 14,007 shares of the company's stock valued at $520,000 after acquiring an additional 336 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Avient by 1.8% during the first quarter. Cerity Partners LLC now owns 23,571 shares of the company's stock valued at $876,000 after acquiring an additional 416 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Avient by 20.1% during the first quarter. Blue Trust Inc. now owns 2,645 shares of the company's stock valued at $98,000 after acquiring an additional 443 shares in the last quarter. Finally, Intrust Bank NA increased its holdings in shares of Avient by 5.2% during the first quarter. Intrust Bank NA now owns 9,162 shares of the company's stock valued at $340,000 after acquiring an additional 456 shares in the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird cut their price objective on shares of Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.60.

Avient Trading Down 3.7%

Avient stock opened at $36.20 on Monday. 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 12 month low of $27.86 and a 12 month high of $54.68. The stock's 50 day simple moving average is $34.96 and its two-hundred day simple moving average is $35.49. The firm has a market cap of $3.31 billion, a PE ratio of 28.28, a P/E/G ratio of 1.25 and a beta of 1.40.

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 the consensus estimate 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 analyst estimates of $852.98 million. During the same quarter in the prior year, the firm posted $0.76 EPS. The business's quarterly 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. Analysts anticipate that Avient Corporation will post 2.85 earnings per share for the current year.

Avient Announces Dividend

The firm 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 3.0%. 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.

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