Swedbank AB Has $19.63 Million Stock Position in Avient Corporation $AVNT

Key Points

• Swedbank AB reduced its stake in Avient Corporation by 39.3%, now holding approximately 0.66% of Avient's shares valued at $19.63 million.
• Analysts have issued varied ratings on Avient, with a consensus target price of $46.00, indicating a Moderate Buy rating.
• Avient announced a quarterly dividend of $0.27 per share, reflecting a dividend yield of 3.1% and a payout ratio of 84.38%.

Swedbank AB trimmed its position in Avient Corporation (NYSE:AVNT - Free Report) by 39.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 607,414 shares of the company's stock after selling 392,586 shares during the quarter. Swedbank AB owned about 0.66% of Avient worth $19,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AVNT. Cetera Investment Advisers lifted its stake in shares of Avient by 14.9% in the fourth quarter. Cetera Investment Advisers now owns 9,874 shares of the company's stock worth $403,000 after buying an additional 1,279 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Avient by 35.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 287,441 shares of the company's stock worth $11,745,000 after buying an additional 75,787 shares during the last quarter. 111 Capital acquired a new position in Avient during the 4th quarter valued at $207,000. GAMMA Investing LLC raised its stake in Avient by 5,751.8% during the 1st quarter. GAMMA Investing LLC now owns 52,842 shares of the company's stock valued at $1,964,000 after purchasing an additional 51,939 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in Avient by 130,733.3% during the 1st quarter. NBC Securities Inc. now owns 3,925 shares of the company's stock valued at $145,000 after purchasing an additional 3,922 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AVNT shares. KeyCorp started coverage on shares of Avient in a research note on Wednesday. They set an "overweight" rating and a $48.00 target price for the company. Robert W. Baird cut their target price on shares of Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Avient Stock Down 3.1%

Shares of NYSE AVNT opened at $35.19 on Friday. The firm has a market capitalization of $3.22 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40. 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 1 year low of $27.86 and a 1 year high of $54.68. The firm's 50-day moving average is $35.12 and its 200-day moving average is $35.33.

Avient (NYSE:AVNT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $866.50 million for the quarter, compared to analyst estimates of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter 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 analysts expect that Avient Corporation will post 2.85 EPS 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 paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 12th. Avient's dividend payout ratio (DPR) is 84.38%.

Avient 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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