The Manufacturers Life Insurance Company Purchases 117,878 Shares of Avient Corporation $AVNT

Key Points

• The Manufacturers Life Insurance Company increased its stake in Avient Corporation (NYSE:AVNT) by 12.5%, owning approximately 1.16% of the company with a value of $39.3 million.
• Avient Corporation reported $0.80 earnings per share for the last quarter, surpassing expectations, with a revenue increase of 1.9% year-over-year to $866.5 million.
• The company announced a quarterly dividend of $0.27 per share, representing an annual yield of 2.9%, with an upcoming payment scheduled for October 8th.

The Manufacturers Life Insurance Company increased its holdings in shares of Avient Corporation (NYSE:AVNT - Free Report) by 12.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,057,479 shares of the company's stock after purchasing an additional 117,878 shares during the quarter. The Manufacturers Life Insurance Company owned 1.16% of Avient worth $39,296,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Trexquant Investment LP boosted its position in Avient by 543.0% during the 1st quarter. Trexquant Investment LP now owns 128,926 shares of the company's stock worth $4,791,000 after acquiring an additional 108,874 shares during the last quarter. Delta Investment Management LLC acquired a new stake in shares of Avient in the 1st quarter valued at approximately $523,000. Keeley Teton Advisors LLC boosted its holdings in shares of Avient by 36.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 14,938 shares of the company's stock valued at $555,000 after buying an additional 3,985 shares during the last quarter. Ceredex Value Advisors LLC boosted its holdings in shares of Avient by 0.5% in the 1st quarter. Ceredex Value Advisors LLC now owns 333,800 shares of the company's stock valued at $12,404,000 after buying an additional 1,700 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of Avient by 45.1% in the 1st quarter. Jump Financial LLC now owns 18,868 shares of the company's stock valued at $701,000 after buying an additional 5,868 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company's stock.

Avient Stock Performance

AVNT traded up $0.41 during trading hours on Friday, reaching $37.71. The company's stock had a trading volume of 592,442 shares, compared to its average volume of 535,587. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03. The firm has a market cap of $3.45 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. The company's 50-day moving average is $34.64 and its 200-day moving average is $35.76. Avient Corporation has a 52 week low of $27.86 and a 52 week high of $54.68.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $866.50 million for the quarter, compared to analysts' expectations of $852.98 million. Avient had a return on equity of 10.57% and a net margin of 3.65%.The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders 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 annualized dividend and a yield of 2.9%. Avient's dividend payout ratio (DPR) is presently 84.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Robert W. Baird cut their price objective on Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Morgan Stanley cut their price objective on Avient from $51.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.60.

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.