US Bancorp DE Decreases Position in Avient Corporation $AVNT

US Bancorp DE decreased its holdings in Avient Corporation (NYSE:AVNT) by 6.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,481 shares of the company’s stock after selling 1,117 shares during the quarter. US Bancorp DE’s holdings in Avient were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Avient by 75.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 318 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Avient by 57.5% in the 1st quarter. GAMMA Investing LLC now owns 1,422 shares of the company’s stock valued at $53,000 after purchasing an additional 519 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of Avient in the 2nd quarter valued at approximately $53,000. Signaturefd LLC boosted its stake in Avient by 39.1% in the 2nd quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock worth $53,000 after purchasing an additional 458 shares in the last quarter. Finally, Allworth Financial LP grew its position in Avient by 2,450.0% during the 1st quarter. Allworth Financial LP now owns 1,479 shares of the company’s stock worth $55,000 after purchasing an additional 1,421 shares during the last quarter. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Avient Stock Up 1.9%

Shares of AVNT opened at $31.96 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.09 and a beta of 1.41. Avient Corporation has a 52 week low of $27.86 and a 52 week high of $54.68. The stock’s 50-day moving average price is $34.72 and its 200-day moving average price is $34.35. 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 (NYSE:AVNT) last announced its quarterly 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. The company had revenue of $866.50 million during the quarter, compared to analysts’ expectations of $852.98 million. Avient had a return on equity of 10.57% and a net margin of 3.65%.Avient’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last 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. On average, sell-side analysts predict that Avient Corporation will post 2.85 EPS for the current year.

Avient Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 12th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from Avient’s previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a yield of 3.4%. Avient’s dividend payout ratio is presently 84.38%.

Analyst Ratings Changes

AVNT has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a report on Wednesday, October 8th. Robert W. Baird reduced their target price on Avient from $43.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Finally, KeyCorp started coverage on Avient in a research note on Wednesday, September 17th. They set an “overweight” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

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.