VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Avient Corporation $AVNT

Key Points

• Virginia Retirement Systems purchased 24,473 Avient shares valued at approximately $905,000 in the second quarter. Institutional investors and hedge funds collectively own 95.48% of the company.
• Avient reported quarterly EPS of $0.96, exceeding estimates of $0.89, while revenue rose 5.8% year over year to $917 million. The company guided to fiscal 2026 EPS of $3.10–$3.25.
• Avient declared a quarterly dividend of $0.275 per share, representing a 2.7% yield, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $46.71.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Avient Corporation (NYSE:AVNT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,473 shares of the company's stock, valued at approximately $905,000.

Several other institutional investors have also made changes to their positions in AVNT. TD Private Client Wealth LLC lifted its stake in Avient by 342.3% in the fourth quarter. TD Private Client Wealth LLC now owns 942 shares of the company's stock valued at $29,000 after acquiring an additional 729 shares during the last quarter. Danske Bank A S bought a new stake in Avient during the third quarter valued at about $40,000. Quarry LP grew its holdings in Avient by 83.1% in the 3rd quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $41,000 after buying an additional 560 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Avient in the fourth quarter worth $43,000. Finally, EverSource Wealth Advisors LLC grew its position in Avient by 51.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company's stock worth $45,000 after purchasing an additional 424 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Stock Performance

AVNT stock opened at $41.46 on Monday. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $46.64. The business's fifty day moving average is $40.73 and its 200-day moving average is $37.89. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. The company has a market cap of $3.80 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.29.

Avient (NYSE:AVNT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%.The company had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. During the same period in the previous year, the company earned $0.80 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Equities research analysts forecast that Avient Corporation will post 3.2 EPS for the current year.

Avient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a yield of 2.7%. Avient's payout ratio is currently 59.46%.

Analyst Ratings Changes

AVNT has been the topic of a number of research reports. Weiss Ratings cut Avient from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 4th. UBS Group set a $44.00 target price on Avient in a report on Monday, June 8th. Truist Financial increased their price objective on Avient from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Avient from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Finally, Wells Fargo & Company lifted their price target on Avient from $47.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avient presently has an average rating of "Moderate Buy" and a consensus target price of $46.71.

Avient Profile

Avient Corporation NYSE: AVNT is a global materials company that develops and manufactures specialized polymer products and solutions. Its offerings include engineered materials, polymer colorants and additives, composites, films, and other products designed to improve the performance, appearance, durability, and sustainability of manufactured goods.

The company serves customers across industries including transportation, healthcare, packaging, consumer goods, electronics, energy, and building and infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.