Universal Beteiligungs und Servicegesellschaft mbH Buys 17,296 Shares of Avient Corporation $AVNT

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Avient Corporation (NYSE:AVNT) by 165.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,777 shares of the company’s stock after acquiring an additional 17,296 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Avient were worth $915,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its holdings in Avient by 1.0% during the first quarter. Royal Bank of Canada now owns 128,730 shares of the company’s stock valued at $4,782,000 after purchasing an additional 1,321 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Avient by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company’s stock worth $1,998,000 after purchasing an additional 2,341 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Avient by 294.8% in the 1st quarter. NewEdge Advisors LLC now owns 9,340 shares of the company’s stock valued at $347,000 after buying an additional 6,974 shares during the period. United Services Automobile Association bought a new stake in shares of Avient in the 1st quarter valued at $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Avient by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock valued at $11,073,000 after buying an additional 10,535 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Stock Up 0.6%

NYSE:AVNT opened at $36.23 on Monday. The stock has a 50-day simple moving average of $32.65 and a 200 day simple moving average of $33.10. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $44.78. The company has a market cap of $3.32 billion, a PE ratio of 29.46, a PEG ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.47 and a current ratio of 2.03.

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

Wall Street Analyst Weigh In

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

Avient Company 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.