NYSE:AVNT - Free Report ) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 587,957 shares of the company's stock after selling 149,620 shares during the period. TimesSquare Capital Management LLC owned 0.64% of Avient worth $24,441,000 as of its most recent filing with the SEC.
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Several other hedge funds have also recently modified their holdings of AVNT. Fifth Third Bancorp grew its position in shares of Avient by 42.8% during the 4th quarter. Fifth Third Bancorp now owns 1,001 shares of the company's stock valued at $42,000 after acquiring an additional 300 shares during the period. NBC Securities Inc. bought a new position in Avient during the third quarter valued at $136,000. Cetera Trust Company N.A purchased a new stake in Avient in the fourth quarter worth $191,000. Mackenzie Financial Corp bought a new stake in shares of Avient in the fourth quarter valued at $234,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Avient during the 3rd quarter valued at $204,000. Institutional investors own 95.48% of the company's stock.
Avient Price Performance NYSE:AVNT traded down $1.20 during mid-day trading on Wednesday, reaching $45.12. The stock had a trading volume of 574,712 shares, compared to its average volume of 466,984. The stock has a market capitalization of $4.12 billion, a P/E ratio of 54.36, a P/E/G ratio of 0.91 and a beta of 1.53. The firm has a 50 day moving average price of $42.27 and a two-hundred day moving average price of $38.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.37 and a current ratio of 1.82. Avient Co. has a one year low of $27.73 and a one year high of $47.87.
Avient (NYSE:AVNT - Get Free Report ) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. Avient had a return on equity of 9.26% and a net margin of 2.41%. The business had revenue of $829.00 million for the quarter, compared to analysts' expectations of $818.45 million. During the same period in the previous year, the firm earned $0.63 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts expect that Avient Co. will post 2.55 earnings per share for the current year.
Avient Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, March 19th were given a $0.257 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday, March 18th. Avient's payout ratio is 124.10%.
Analysts Set New Price Targets AVNT has been the subject of several recent research reports. Oppenheimer boosted their price objective on Avient from $45.00 to $49.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th. Wells Fargo & Company raised their price target on shares of Avient from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price target on Avient from $49.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.20.
Read Our Latest Stock Analysis on Avient
About Avient (
Free Report )
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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