Great Lakes Advisors LLC Sells 110,487 Shares of Avient Corporation $AVNT

Great Lakes Advisors LLC lessened its position in Avient Corporation (NYSE:AVNT) by 48.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 116,684 shares of the company’s stock after selling 110,487 shares during the period. Great Lakes Advisors LLC owned approximately 0.13% of Avient worth $3,845,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in Avient by 54.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after purchasing an additional 340 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Avient during the second quarter valued at about $37,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Avient during the second quarter worth about $45,000. Signaturefd LLC raised its holdings in shares of Avient by 39.1% in the 2nd 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, GAMMA Investing LLC lifted its position in Avient by 55.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock valued at $71,000 after acquiring an additional 787 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVNT has been the subject of a number of recent research reports. Zacks Research raised Avient from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. KeyCorp raised their price objective on Avient from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Oppenheimer upped their target price on shares of Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Avient Trading Up 0.6%

NYSE AVNT opened at $36.23 on Friday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.20 and a beta of 1.44. The business’s fifty day moving average is $32.65 and its 200-day moving average is $33.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.03 and a quick ratio of 1.47. Avient Corporation has a one year low of $27.48 and a one year high of $44.78.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $806.50 million during the quarter, compared to the consensus estimate of $823.57 million. Avient had a net margin of 3.49% and a return on equity of 10.75%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. Equities research analysts predict that Avient Corporation will post 2.85 EPS for the current year.

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.