DekaBank Deutsche Girozentrale Buys Shares of 1,369 Avient Corporation $AVNT

DekaBank Deutsche Girozentrale bought a new stake in shares of Avient Corporation (NYSE:AVNT) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,369 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors have also recently bought and sold shares of AVNT. GAMMA Investing LLC grew its holdings in Avient by 57.5% during the 1st quarter. GAMMA Investing LLC now owns 1,422 shares of the company’s stock valued at $53,000 after buying an additional 519 shares during the last quarter. Diversified Trust Co grew its holdings in Avient by 2.5% during the 1st quarter. Diversified Trust Co now owns 14,007 shares of the company’s stock valued at $520,000 after buying an additional 336 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Avient by 40.4% during the 1st quarter. Teacher Retirement System of Texas now owns 52,808 shares of the company’s stock valued at $1,962,000 after buying an additional 15,188 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Avient by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 211,712 shares of the company’s stock valued at $7,867,000 after buying an additional 1,977 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Avient by 7.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 9,423 shares of the company’s stock valued at $350,000 after buying an additional 661 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Trading Up 0.2%

Shares of AVNT opened at $32.69 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $2.99 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The stock’s fifty day simple moving average is $34.41 and its 200 day simple moving average is $34.41. Avient Corporation has a twelve month low of $27.86 and a twelve month high of $54.68.

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

Avient Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVNT. KeyCorp began 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. Weiss Ratings reissued a “hold (c)” rating on shares of Avient in a research note on Wednesday, October 8th. Finally, Robert W. Baird reduced their price target on Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avient has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

Avient Company 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.