Man Group plc Purchases Shares of 33,089 Avient Corporation $AVNT

Man Group plc purchased a new position in Avient Corporation (NYSE:AVNT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 33,089 shares of the company’s stock, valued at approximately $1,223,000.

Several other institutional investors and hedge funds have also made changes to their positions in AVNT. BlackRock Inc. acquired a new position in shares of Avient in the 2nd quarter valued at $437,002,000. Norges Bank acquired a new stake in Avient during the 4th quarter worth about $41,457,000. Invesco Ltd. grew its stake in Avient by 697.0% during the 4th quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock valued at $45,050,000 after purchasing an additional 1,261,146 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Avient during the 2nd quarter valued at about $45,933,000. Finally, Millennium Management LLC increased its holdings in shares of Avient by 440.4% in the third quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock valued at $44,060,000 after purchasing an additional 1,089,744 shares during the period. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVNT has been the subject of several research analyst reports. UBS Group set a $44.00 price objective on Avient in a research note on Monday, June 8th. Weiss Ratings upgraded Avient from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wells Fargo & Company increased their price target on shares of Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Robert W. Baird set a $43.00 price target on shares of Avient in a research report on Friday, May 8th. Finally, Seaport Research Partners restated a “buy” rating and set a $54.00 price objective on shares of Avient in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.71.

Avient Stock Performance

Shares of NYSE AVNT opened at $43.68 on Thursday. The company has a market capitalization of $4.01 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.90. The company’s fifty day moving average price is $39.97 and its 200 day moving average price is $37.90. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $46.64.

Avient (NYSE:AVNT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $898.53 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, research analysts predict that Avient Corporation will post 3.2 earnings per share for the current year.

Avient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 2.5%. Avient’s dividend payout ratio is presently 59.46%.

Avient 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.