EDENTREE ASSET MANAGEMENT Ltd Has $10.54 Million Holdings in Avient Corporation $AVNT

EDENTREE ASSET MANAGEMENT Ltd lifted its position in shares of Avient Corporation (NYSE:AVNT) by 26.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,760 shares of the company’s stock after purchasing an additional 67,200 shares during the quarter. Avient accounts for 2.5% of EDENTREE ASSET MANAGEMENT Ltd’s investment portfolio, making the stock its 15th largest holding. EDENTREE ASSET MANAGEMENT Ltd owned 0.35% of Avient worth $10,536,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust increased its stake in 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Avient during the second quarter worth about $37,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Avient in the 2nd quarter worth about $45,000. Quantbot Technologies LP bought a new position in Avient in the 2nd quarter valued at about $72,000. Finally, Osaic Holdings Inc. boosted its stake in Avient by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 5,937 shares of the company’s stock valued at $198,000 after purchasing an additional 1,440 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Price Performance

Shares of NYSE:AVNT opened at $42.53 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The company’s 50-day moving average is $35.66 and its 200 day moving average is $33.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.22 and a current ratio of 1.66. Avient Corporation has a fifty-two week low of $27.48 and a fifty-two week high of $44.85.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $760.60 million for the quarter, compared to analyst estimates of $750.19 million. Avient had a net margin of 2.51% and a return on equity of 10.95%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, equities research analysts forecast that Avient Corporation will post 2.85 earnings per share for the current year.

Avient Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on AVNT. KeyCorp increased their price objective on Avient from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Wells Fargo & Company increased their price target on Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avient in a report on Monday, December 29th. Morgan Stanley set a $45.00 target price on shares of Avient in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Avient from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.00.

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.