Allspring Global Investments Holdings LLC Lowers Position in Avient Corporation $AVNT

Allspring Global Investments Holdings LLC reduced its holdings in Avient Corporation (NYSE:AVNT) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,981,810 shares of the company’s stock after selling 450,427 shares during the quarter. Allspring Global Investments Holdings LLC owned 3.25% of Avient worth $108,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Avient by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company’s stock worth $319,223,000 after buying an additional 77,246 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Avient by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,781,099 shares of the company’s stock valued at $149,363,000 after purchasing an additional 27,251 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Avient by 11.1% during the 4th quarter. Franklin Resources Inc. now owns 4,090,286 shares of the company’s stock valued at $127,781,000 after purchasing an additional 410,112 shares during the last quarter. Geode Capital Management LLC raised its position in Avient by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,283,321 shares of the company’s stock worth $71,341,000 after purchasing an additional 11,801 shares during the period. Finally, Channing Capital Management LLC raised its position in Avient by 0.3% in the 4th quarter. Channing Capital Management LLC now owns 2,102,982 shares of the company’s stock worth $65,697,000 after purchasing an additional 7,161 shares during the period. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Avient Stock Performance

Shares of AVNT opened at $36.96 on Friday. The business has a 50-day simple moving average of $35.91 and a two-hundred day simple moving average of $36.54. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.80. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $44.85. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.19 and a beta of 1.27.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $847.40 million for the quarter, compared to analysts’ expectations of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. On average, analysts expect that Avient Corporation will post 3.08 EPS for the current year.

Avient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th. Avient’s dividend payout ratio (DPR) is 63.95%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AVNT. Robert W. Baird set a $43.00 price objective on shares of Avient in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Truist Financial initiated coverage on Avient in a report on Monday, June 8th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, UBS Group set a $44.00 price objective on Avient in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.71.

Avient Company 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.