Avient Co. (NYSE:AVNT) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its stake in Avient Co. (NYSE:AVNT - Free Report) by 133.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,773 shares of the company's stock after purchasing an additional 72,363 shares during the period. Tudor Investment Corp ET AL owned about 0.14% of Avient worth $5,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVNT. Smartleaf Asset Management LLC increased its holdings in Avient by 56.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 695 shares of the company's stock valued at $28,000 after buying an additional 250 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Avient in the 4th quarter valued at about $90,000. Venturi Wealth Management LLC acquired a new stake in shares of Avient during the 4th quarter worth about $96,000. KBC Group NV lifted its stake in Avient by 47.2% during the fourth quarter. KBC Group NV now owns 4,090 shares of the company's stock worth $167,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in Avient by 23.6% in the fourth quarter. Trust Point Inc. now owns 5,164 shares of the company's stock valued at $211,000 after purchasing an additional 985 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVNT has been the subject of several recent analyst reports. Baird R W upgraded shares of Avient to a "hold" rating in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Avient from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Robert W. Baird started coverage on Avient in a research report on Friday, March 14th. They set a "neutral" rating and a $43.00 target price on the stock. Seaport Res Ptn raised Avient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price target on Avient from $55.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Avient presently has an average rating of "Moderate Buy" and a consensus price target of $48.60.

Avient Stock Performance

AVNT traded up $1.87 on Tuesday, hitting $35.87. 270,181 shares of the company traded hands, compared to its average volume of 541,559. Avient Co. has a 12-month low of $27.86 and a 12-month high of $54.68. The company has a 50 day moving average of $35.96 and a 200-day moving average of $42.11. The company has a quick ratio of 1.42, a current ratio of 1.88 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.28 billion, a PE ratio of 19.61, a PEG ratio of 1.25 and a beta of 1.38.

Avient (NYSE:AVNT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Avient had a return on equity of 10.44% and a net margin of 5.23%. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Avient's revenue for the quarter was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Avient Co. will post 2.85 earnings per share for the current year.

Avient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.01%. Avient's dividend payout ratio (DPR) is 59.02%.

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.