1,000,000 Shares in Avient Corporation $AVNT Purchased by Swedbank AB

Key Points

• Swedbank AB has invested approximately $37.16 million in Avient Corporation, acquiring 1,000,000 shares, which makes up about 1.09% of the company's total shares.
• Avient reported $0.80 earnings per share in its last quarterly earnings, exceeding estimates, and has set a fiscal year 2025 guidance of 2.770-2.870 EPS.
• The company recently announced a quarterly dividend of $0.27 per share, representing an annualized yield of 3.0% with a payout ratio of 84.38%.

Swedbank AB bought a new stake in Avient Corporation (NYSE:AVNT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000,000 shares of the company's stock, valued at approximately $37,160,000. Swedbank AB owned approximately 1.09% of Avient at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AVNT. Nuveen LLC acquired a new position in shares of Avient in the first quarter valued at $50,471,000. Wellington Management Group LLP raised its stake in shares of Avient by 100.4% in the first quarter. Wellington Management Group LLP now owns 1,125,927 shares of the company's stock valued at $41,839,000 after purchasing an additional 564,099 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Avient by 250.5% during the fourth quarter. Point72 Asset Management L.P. now owns 532,610 shares of the company's stock worth $21,762,000 after acquiring an additional 380,657 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Avient by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,348,157 shares of the company's stock worth $161,576,000 after acquiring an additional 279,064 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Avient by 9.1% during the first quarter. Alliancebernstein L.P. now owns 3,118,170 shares of the company's stock worth $115,871,000 after acquiring an additional 260,670 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Price Performance

Shares of NYSE:AVNT traded up $0.68 during midday trading on Thursday, reaching $36.57. The company's stock had a trading volume of 140,706 shares, compared to its average volume of 661,437. Avient Corporation has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The company has a market capitalization of $3.35 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.50. The business's fifty day simple moving average is $35.08 and its 200-day simple moving average is $35.45.

Avient (NYSE:AVNT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, beating 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 analyst estimates of $852.98 million. During the same period last year, the company posted $0.76 earnings per share. The firm'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. As a group, equities research analysts expect that Avient Corporation will post 2.85 EPS for the current fiscal year.

Avient Dividend Announcement

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. 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%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird dropped their price objective on Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. KeyCorp assumed coverage on Avient in a research note on Wednesday. They set an "overweight" rating and a $48.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Avient presently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

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.