Avient Corporation $AVNT Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC lifted its position in Avient Corporation (NYSE:AVNT) by 496.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,012 shares of the company’s stock after purchasing an additional 3,339 shares during the quarter. Parallel Advisors LLC’s holdings in Avient were worth $130,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in Avient by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 97,359 shares of the company’s stock worth $3,618,000 after acquiring an additional 19,223 shares during the period. Bank of New York Mellon Corp lifted its position in Avient by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 969,159 shares of the company’s stock worth $36,014,000 after acquiring an additional 15,737 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Avient during the 1st quarter worth approximately $230,000. Strs Ohio acquired a new stake in Avient during the 1st quarter worth approximately $7,804,000. Finally, Blue Trust Inc. lifted its position in Avient by 20.1% during the 1st quarter. Blue Trust Inc. now owns 2,645 shares of the company’s stock worth $98,000 after acquiring an additional 443 shares during the period. 95.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVNT has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on Avient from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. KeyCorp started coverage on Avient in a report on Wednesday, September 17th. They issued an “overweight” rating and a $48.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Avient Stock Performance

NYSE AVNT opened at $34.35 on Wednesday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. Avient Corporation has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The business has a fifty day moving average of $35.17 and a 200-day moving average of $35.23.

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

Avient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 3.1%. Avient’s payout ratio is 84.38%.

Avient Profile

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.