Avient Corporation $AVNT Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of Avient Corporation (NYSE:AVNT) by 86.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 41,833 shares of the company’s stock after purchasing an additional 19,412 shares during the period. SG Americas Securities LLC’s holdings in Avient were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of AVNT. Northwestern Mutual Wealth Management Co. lifted its holdings in Avient by 75.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 318 shares during the period. ARK Investment Management LLC boosted its position in shares of Avient by 18.3% in the 2nd quarter. ARK Investment Management LLC now owns 2,286 shares of the company’s stock worth $74,000 after buying an additional 354 shares in the last quarter. Intrust Bank NA raised its position in Avient by 5.2% during the first quarter. Intrust Bank NA now owns 9,162 shares of the company’s stock worth $340,000 after acquiring an additional 456 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Avient by 39.1% in the second quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock worth $53,000 after acquiring an additional 458 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Avient by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 20,494 shares of the company’s stock worth $662,000 after buying an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Avient Stock Performance

Shares of AVNT opened at $29.27 on Friday. The stock has a market capitalization of $2.68 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.48. The business’s fifty day moving average price is $31.81 and its 200 day moving average price is $34.10. 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 12-month low of $27.48 and a 12-month high of $53.61.

Avient (NYSE:AVNT) last released its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Avient had a net margin of 3.65% and a return on equity of 10.57%. The firm had revenue of $806.50 million during the quarter, compared to analyst estimates of $823.57 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. Equities research analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 12th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from Avient’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a yield of 3.8%. Avient’s dividend payout ratio is presently 89.43%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVNT. Oppenheimer restated an “outperform” rating and issued a $37.00 price target on shares of Avient in a report on Thursday, November 6th. Zacks Research lowered Avient from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Robert W. Baird cut their target price on Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research note on Wednesday. Finally, KeyCorp initiated coverage on shares of Avient in a research report on Wednesday, September 17th. They set an “overweight” rating and a $48.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Avient presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.