Trexquant Investment LP Has $4.79 Million Stake in Avient Corporation $AVNT

Key Points

• Trexquant Investment LP increased its stake in Avient Corporation by 543.0%, acquiring 108,874 shares to hold a total of 128,926 shares valued at approximately $4.79 million.
• Several institutional investors have significantly boosted their holdings in Avient, with Northwestern Mutual Wealth Management increasing its stake by 75.9% and Allworth Financial LP by 2,450.0% in the first quarter.
• Avient's latest earnings report exceeded expectations, posting an EPS of $0.80 compared to analysts' projections of $0.78, while revenue increased by 1.9% year-over-year.

Trexquant Investment LP boosted its holdings in shares of Avient Corporation (NYSE:AVNT - Free Report) by 543.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,926 shares of the company's stock after purchasing an additional 108,874 shares during the period. Trexquant Investment LP owned approximately 0.14% of Avient worth $4,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in 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 purchasing an additional 318 shares during the last quarter. Diversified Trust Co lifted its stake in 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 purchasing an additional 336 shares during the last quarter. Cerity Partners LLC lifted its stake in 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 purchasing an additional 416 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 purchasing an additional 443 shares during the last quarter. Finally, Intrust Bank NA lifted its stake in 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 purchasing an additional 456 shares during the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVNT has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of 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 cut their target price on shares of Avient from $51.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Avient currently has an average rating of "Moderate Buy" and an average price target of $45.60.

Avient Stock Up 1.1%

Shares of AVNT traded up $0.41 during mid-day trading on Friday, hitting $37.71. 592,442 shares of the company's stock were exchanged, compared to its average volume of 535,587. The firm has a fifty day moving average of $34.64 and a two-hundred day moving average of $35.76. Avient Corporation has a twelve month low of $27.86 and a twelve month high of $54.68. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.30 and a beta of 1.40. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

Avient (NYSE:AVNT - Get Free Report) last announced its quarterly earnings results 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 net margin of 3.65% and a return on equity of 10.57%. The company 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 business posted $0.76 EPS. Avient's quarterly revenue was up 1.9% on a year-over-year basis. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, sell-side analysts forecast that Avient Corporation will post 2.85 earnings per share for the current year.

Avient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 2.9%. Avient's dividend payout ratio is 84.38%.

About Avient

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.