Channing Capital Management LLC Increases Position in Avient Corporation $AVNT

Channing Capital Management LLC lifted its holdings in shares of Avient Corporation (NYSE:AVNT) by 19.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,095,821 shares of the company’s stock after acquiring an additional 335,670 shares during the quarter. Channing Capital Management LLC owned 2.29% of Avient worth $69,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in shares of Avient by 54.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after purchasing an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Avient during the second quarter valued at about $37,000. DekaBank Deutsche Girozentrale bought a new position in Avient during the second quarter valued at about $45,000. Quantbot Technologies LP purchased a new stake in Avient during the second quarter worth about $72,000. Finally, Osaic Holdings Inc. raised its position in Avient by 32.0% in the second quarter. Osaic Holdings Inc. now owns 5,937 shares of the company’s stock worth $198,000 after acquiring an additional 1,440 shares during the period. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Avient Trading Up 0.0%

NYSE:AVNT opened at $42.53 on Friday. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $44.85. The stock’s fifty day moving average price is $35.66 and its two-hundred day moving average price is $33.87. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.66 and a quick ratio of 1.22. The company has a market cap of $3.90 billion, a P/E ratio of 47.78, a P/E/G ratio of 1.41 and a beta of 1.44.

Avient (NYSE:AVNT) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $760.60 million during the quarter, compared to analysts’ expectations of $750.19 million. Avient had a return on equity of 10.95% and a net margin of 2.51%.The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Avient has set its Q1 2026 guidance at 0.810-0.810 EPS and its FY 2026 guidance at 2.930-3.170 EPS. As a group, analysts expect that Avient Corporation will post 2.85 EPS for the current year.

Avient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Tuesday, March 17th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, March 17th. Avient’s dividend payout ratio is presently 123.60%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Avient from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Wells Fargo & Company increased their price objective on Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Zacks Research raised Avient from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Wall Street Zen upgraded Avient from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Morgan Stanley set a $45.00 price target on Avient in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $47.00.

Avient Profile

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.