Allspring Global Investments Holdings LLC Sells 52,985 Shares of Avient Corporation $AVNT

Allspring Global Investments Holdings LLC trimmed its position in Avient Corporation (NYSE:AVNT) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,432,237 shares of the company’s stock after selling 52,985 shares during the quarter. Allspring Global Investments Holdings LLC owned 3.75% of Avient worth $108,836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Channing Capital Management LLC increased its holdings in shares of Avient by 19.1% during the third quarter. Channing Capital Management LLC now owns 2,095,821 shares of the company’s stock worth $69,057,000 after purchasing an additional 335,670 shares during the period. EDENTREE ASSET MANAGEMENT Ltd boosted its stake in shares of Avient by 26.6% in the third quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 319,760 shares of the company’s stock valued at $10,536,000 after buying an additional 67,200 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Avient by 7.0% in the third quarter. New York State Common Retirement Fund now owns 1,084,382 shares of the company’s stock valued at $35,730,000 after buying an additional 71,354 shares during the period. JPMorgan Chase & Co. grew its position in Avient by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 868,083 shares of the company’s stock worth $28,603,000 after buying an additional 42,118 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Avient by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,591,723 shares of the company’s stock worth $52,447,000 after acquiring an additional 121,272 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Stock Performance

Avient stock opened at $36.31 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 0.81. The stock has a market cap of $3.33 billion, a PE ratio of 40.79, a P/E/G ratio of 1.08 and a beta of 1.40. Avient Corporation has a 12-month low of $27.48 and a 12-month high of $44.85. The business’s 50-day moving average price is $37.96 and its two-hundred day moving average price is $33.99.

Avient (NYSE:AVNT) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Avient had a net margin of 2.51% and a return on equity of 10.95%. The company had revenue of $760.60 million for the quarter, compared to the consensus estimate of $750.19 million. During the same period last year, the company posted $0.49 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Tuesday, March 17th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.10 annualized dividend and a dividend yield of 3.0%. Avient’s dividend payout ratio (DPR) is 123.60%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research report on Monday, December 29th. Morgan Stanley set a $45.00 price target on Avient in a research report on Friday, February 13th. Robert W. Baird set a $46.00 price target on Avient in a research note on Friday, February 13th. Zacks Research raised shares of Avient from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of Avient from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Avient presently has an average rating of “Hold” and an average target price of $47.00.

About Avient

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.