SG Americas Securities LLC Decreases Stock Holdings in Avient Co. (NYSE:AVNT)

SG Americas Securities LLC reduced its stake in shares of Avient Co. (NYSE:AVNTFree Report) by 36.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,919 shares of the company’s stock after selling 11,907 shares during the quarter. SG Americas Securities LLC’s holdings in Avient were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AVNT. Raymond James & Associates increased its position in Avient by 22.7% during the 1st quarter. Raymond James & Associates now owns 29,947 shares of the company’s stock valued at $1,437,000 after buying an additional 5,546 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Avient by 2.2% in the first quarter. American Century Companies Inc. now owns 10,341 shares of the company’s stock valued at $496,000 after purchasing an additional 221 shares during the period. US Bancorp DE increased its holdings in shares of Avient by 3.5% in the first quarter. US Bancorp DE now owns 8,862 shares of the company’s stock valued at $425,000 after purchasing an additional 297 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Avient in the first quarter valued at about $110,000. Finally, Bank of Montreal Can increased its holdings in shares of Avient by 9.4% in the first quarter. Bank of Montreal Can now owns 15,146 shares of the company’s stock valued at $748,000 after purchasing an additional 1,296 shares during the period. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Avient Stock Up 1.0 %

Shares of AVNT stock opened at $43.40 on Monday. The stock’s 50-day simple moving average is $39.31 and its 200-day simple moving average is $36.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.37 and a current ratio of 1.82. The firm has a market capitalization of $3.96 billion, a PE ratio of 52.29, a P/E/G ratio of 0.96 and a beta of 1.52. Avient Co. has a fifty-two week low of $27.73 and a fifty-two week high of $43.72.

Avient (NYSE:AVNTGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $711.87 million. Avient had a return on equity of 9.26% and a net margin of 2.41%. The company’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. Equities analysts expect that Avient Co. will post 2.53 earnings per share for the current year.

Avient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.257 per share. This represents a $1.03 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, March 18th. Avient’s dividend payout ratio (DPR) is 124.10%.

Avient Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avient (NYSE:AVNT)

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