California Public Employees Retirement System Has $6.24 Million Holdings in Avient Corporation $AVNT

California Public Employees Retirement System boosted its holdings in shares of Avient Corporation (NYSE:AVNT) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,759 shares of the company’s stock after acquiring an additional 17,855 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Avient worth $6,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Avient by 1.0% in the first quarter. Royal Bank of Canada now owns 128,730 shares of the company’s stock valued at $4,782,000 after buying an additional 1,321 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Avient by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company’s stock worth $1,998,000 after acquiring an additional 2,341 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Avient by 294.8% during the first quarter. NewEdge Advisors LLC now owns 9,340 shares of the company’s stock worth $347,000 after acquiring an additional 6,974 shares during the period. United Services Automobile Association bought a new stake in Avient in the 1st quarter valued at $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Avient by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock valued at $11,073,000 after acquiring an additional 10,535 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Avient Stock Performance

AVNT opened at $37.57 on Monday. 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 12-month low of $27.48 and a 12-month high of $44.85. The business has a 50 day moving average of $36.12 and a 200-day moving average of $36.76. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.18 and a beta of 1.27.

Avient (NYSE:AVNT) last posted its earnings results on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. Avient had a return on equity of 11.11% and a net margin of 4.81%.The business had revenue of $847.40 million for the quarter, compared to analyst estimates of $846.35 million. During the same period in the previous year, the firm earned $0.76 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. 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, equities research analysts expect that Avient Corporation will post 3.08 earnings per share for the current year.

Avient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 11th. Avient’s dividend payout ratio (DPR) is currently 63.95%.

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.