Wellington Management Group LLP Buys 78,938 Shares of Avient Corporation $AVNT

Key Points

• Wellington Management increased its Avient stake by 2.7%, purchasing 78,938 shares to own 3.01 million shares, or about 3.28% of the company. Institutional investors and hedge funds collectively own 95.48% of Avient.
• Avient’s latest quarterly results exceeded expectations, with EPS of $0.96 versus the $0.89 consensus and revenue of $917 million, up 5.8% year over year. The company issued fiscal 2026 EPS guidance of $3.10 to $3.25.
• Avient announced a quarterly dividend of $0.275 per share, equivalent to $1.10 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $46.71.

Wellington Management Group LLP raised its stake in Avient Corporation (NYSE:AVNT - Free Report) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,012,847 shares of the company's stock after acquiring an additional 78,938 shares during the period. Wellington Management Group LLP owned about 3.28% of Avient worth $111,355,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of Avient in the 2nd quarter worth about $326,000. Public Employees Retirement System of Ohio bought a new position in Avient during the 2nd quarter valued at about $96,000. Corient Private Wealth LP bought a new position in Avient during the 2nd quarter valued at about $221,000. Bamco Inc. NY acquired a new position in Avient in the second quarter valued at about $25,872,000. Finally, Bank of America Corp DE bought a new stake in Avient during the second quarter worth about $37,467,000. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Trading Down 3.2%

AVNT stock opened at $42.66 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $46.64. The company has a market cap of $3.91 billion, a P/E ratio of 23.06, a PEG ratio of 1.27 and a beta of 1.29. The business has a fifty day moving average of $39.84 and a 200-day moving average of $37.89.

Avient (NYSE:AVNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $917.00 million during the quarter, compared to analysts' expectations of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. As a group, equities research analysts expect 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. This represents a $1.10 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, September 11th. Avient's payout ratio is currently 59.46%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AVNT. UBS Group set a $44.00 target price on shares of Avient in a research note on Monday, June 8th. Robert W. Baird set a $43.00 price target on Avient in a research report on Friday, May 8th. Seaport Research Partners reaffirmed a "buy" rating and set a $54.00 price target on shares of Avient in a report on Friday, August 7th. Truist Financial lifted their price objective on Avient from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Avient from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.71.

Avient Company Profile

Avient Corporation NYSE: AVNT is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company's core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne's specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.

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