Avient Corporation $AVNT Stock: ProShare Advisors LLC Reduces Position

ProShare Advisors LLC reduced its holdings in shares of Avient Corporation (NYSE:AVNT) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 739,579 shares of the company’s stock after selling 148,219 shares during the period. ProShare Advisors LLC owned about 0.81% of Avient worth $29,768,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Avient during the 2nd quarter valued at $437,002,000. The Manufacturers Life Insurance Company bought a new position in shares of Avient in the second quarter worth about $45,933,000. Bank of America Corp DE bought a new position in shares of Avient in the second quarter worth about $37,467,000. Bank of New York Mellon Corp purchased a new stake in shares of Avient during the second quarter worth about $37,038,000. Finally, Bamco Inc. NY purchased a new stake in shares of Avient during the second quarter worth about $25,872,000. 95.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on AVNT shares. Wells Fargo & Company increased their price objective on shares of Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Weiss Ratings upgraded Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Zacks Research raised Avient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Wall Street Zen cut Avient from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Truist Financial increased their target price on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Avient currently has an average rating of “Moderate Buy” and a consensus price target of $46.38.

Avient Stock Performance

Shares of Avient stock opened at $42.76 on Monday. The stock’s fifty day moving average is $41.54 and its two-hundred day moving average is $38.48. The company has a market capitalization of $3.92 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. 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 52 week low of $27.48 and a 52 week high of $46.64.

Avient (NYSE:AVNT) last issued its earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. 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, analysts expect that Avient Corporation will post 3.20 earnings per share for the current year.

Avient Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Friday, December 11th will be given a dividend of $0.2825 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.13 annualized dividend and a yield of 2.6%. This is a boost from Avient’s previous quarterly dividend of $0.2750. Avient’s payout ratio is presently 59.46%.

Avient Profile

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials. The company develops, formulates and manufactures engineered materials, colorants, additives and performance-enhancing solutions used to improve the appearance, durability, processing and functionality of plastic products.

Its offerings include specialty polymer formulations, thermoplastic compounds, color and additive concentrates, advanced composites, barrier technologies and recycled or bio-based material solutions.