Northern Trust Corp Decreases Stake in Avient Corporation $AVNT

Northern Trust Corp reduced its stake in shares of Avient Corporation (NYSE:AVNT) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,159,987 shares of the company’s stock after selling 37,083 shares during the period. Northern Trust Corp owned approximately 1.27% of Avient worth $43,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AVNT. Hsbc Holdings PLC boosted its position in shares of Avient by 13.7% in the 4th quarter. Hsbc Holdings PLC now owns 18,874 shares of the company’s stock worth $770,000 after buying an additional 2,276 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Avient by 11.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 115,907 shares of the company’s stock worth $4,737,000 after buying an additional 12,156 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Avient by 133.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 126,773 shares of the company’s stock worth $5,180,000 after buying an additional 72,363 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Avient by 8.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 939,601 shares of the company’s stock worth $38,392,000 after buying an additional 75,180 shares in the last quarter. Finally, Appian Way Asset Management LP purchased a new stake in shares of Avient in the 4th quarter worth about $1,994,000. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Avient Trading Down 0.9%

Shares of AVNT stock opened at $37.21 on Friday. The firm has a 50-day moving average price of $34.17 and a 200 day moving average price of $36.05. Avient Corporation has a twelve month low of $27.86 and a twelve month high of $54.68. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.29 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85.

Avient (NYSE:AVNT) last announced its earnings results on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Avient had a net margin of 3.65% and a return on equity of 10.57%. The firm had revenue of $866.50 million during the quarter, compared to the consensus estimate of $852.98 million. During the same quarter in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. Research analysts forecast that Avient Corporation will post 2.85 earnings per share for the current fiscal year.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.9%. Avient’s dividend payout ratio is currently 84.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AVNT shares. Wells Fargo & Company boosted their price objective on shares of Avient from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Morgan Stanley decreased their price objective on shares of Avient from $51.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird decreased their price objective on shares of Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Avient has a consensus rating of “Moderate Buy” and an average target price of $45.60.

About Avient

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.