Wellington Management Group LLP Purchases 564,099 Shares of Avient Corporation $AVNT

Key Points

• Wellington Management Group LLP increased its stake in Avient Corporation by 100.4%, owning over 1.1 million shares after acquiring additional shares in Q1.
• Avient Corporation recently announced a quarterly dividend of $0.27 per share, with a yield of 2.9% and a dividend payout ratio of 84.38%.
• The company's stock has seen considerable attention from institutional investors, who collectively hold 95.48% of Avient's shares.

Wellington Management Group LLP grew its position in Avient Corporation (NYSE:AVNT - Free Report) by 100.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,125,927 shares of the company's stock after buying an additional 564,099 shares during the period. Wellington Management Group LLP owned approximately 1.23% of Avient worth $41,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Avient by 85.8% in the 1st quarter. UMB Bank n.a. now owns 1,126 shares of the company's stock valued at $42,000 after buying an additional 520 shares during the period. GAMMA Investing LLC grew its holdings 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 buying an additional 519 shares during the period. Allworth Financial LP grew its holdings 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 buying an additional 1,421 shares during the period. Curat Global LLC acquired a new position in shares of Avient in the 1st quarter valued at $56,000. Finally, CWM LLC grew its holdings 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 buying an additional 800 shares during the period. Institutional investors and hedge funds own 95.48% of the company's stock.

Avient Stock Up 0.1%

NYSE:AVNT traded up $0.02 on Friday, hitting $37.25. 60,994 shares of the company's stock were exchanged, compared to its average volume of 677,811. The firm has a 50-day moving average price of $34.17 and a 200-day moving average price of $36.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.50. Avient Corporation has a 52 week low of $27.86 and a 52 week high of $54.68. The company has a market cap of $3.41 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38.

Avient (NYSE:AVNT - Get Free Report) last issued 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 firm had revenue of $866.50 million for the quarter, compared to analysts' expectations of $852.98 million. During the same period in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter 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. As a group, analysts expect that Avient Corporation will post 2.85 EPS for the current fiscal year.

Avient Announces Dividend

The firm also recently declared 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 of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 2.9%. Avient's payout ratio is 84.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AVNT shares. Morgan Stanley reduced 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 note on Monday, May 12th. Wells Fargo & Company upped their target price on shares of Avient from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird reduced their target price on shares of Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Avient presently has an average rating of "Moderate Buy" and an average target price of $45.60.

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.