Wealth Enhancement Advisory Services LLC Makes New $356,000 Investment in Avient Corporation $AVNT

Key Points

• Wealth Enhancement Advisory Services LLC invested approximately $356,000 to acquire 10,338 shares in Avient Corporation during the 2nd quarter.
• The stock currently has a market capitalization of $2.93 billion and is rated as a "Moderate Buy" with a consensus target price of $46.00.
• Avient recently announced a quarterly dividend of $0.27 per share, reflecting an annualized yield of 3.4%, with a dividend payout ratio of 84.38%.

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Avient Corporation (NYSE:AVNT - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,338 shares of the company's stock, valued at approximately $356,000.

Several other institutional investors have also recently modified their holdings of AVNT. Northwestern Mutual Wealth Management Co. boosted its holdings in Avient by 75.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 318 shares during the period. UMB Bank n.a. lifted its holdings in Avient by 85.8% in the 1st quarter. UMB Bank n.a. now owns 1,126 shares of the company's stock worth $42,000 after buying an additional 520 shares during the period. GAMMA Investing LLC lifted its stake in shares of Avient by 57.5% in the 1st quarter. GAMMA Investing LLC now owns 1,422 shares of the company's stock valued at $53,000 after purchasing an additional 519 shares during the period. Allworth Financial LP lifted its stake in shares of Avient by 2,450.0% in the 1st quarter. Allworth Financial LP now owns 1,479 shares of the company's stock valued at $55,000 after purchasing an additional 1,421 shares during the period. Finally, CWM LLC lifted its stake in shares of Avient by 45.2% in the 1st quarter. CWM LLC now owns 2,569 shares of the company's stock valued at $95,000 after purchasing an additional 800 shares during the period. 95.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AVNT has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, August 4th. KeyCorp assumed coverage on Avient in a research report on Wednesday, September 17th. They set an "overweight" rating and a $48.00 target price on the stock. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Avient in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Avient Stock Down 1.8%

Shares of NYSE AVNT opened at $31.97 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $2.93 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The stock's fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $34.71. Avient Corporation has a 12-month low of $27.86 and a 12-month 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 analysts' consensus estimates of $0.78 by $0.02. The firm had revenue of $866.50 million during 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 business's quarterly revenue 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. As a group, analysts expect that Avient Corporation will post 2.85 EPS for the current fiscal year.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.4%. Avient's dividend payout ratio (DPR) is presently 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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