Dimensional Fund Advisors LP lifted its holdings in shares of Avient Corporation (NYSE:AVNT – Free Report) by 1.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,753,848 shares of the company’s stock after buying an additional 62,926 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Avient worth $156,637,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Avient during the 3rd quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its holdings in Avient by 54.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock worth $32,000 after acquiring an additional 340 shares in the last quarter. Quantbot Technologies LP acquired a new position in Avient during the second quarter worth $72,000. Osaic Holdings Inc. raised its position in Avient by 32.0% during 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. Finally, United Services Automobile Association purchased a new position in Avient during the first quarter valued at $224,000. 95.48% of the stock is owned by institutional investors and hedge funds.
Avient Trading Up 0.2%
Shares of AVNT opened at $36.66 on Tuesday. 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 $3.36 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 1.11 and a beta of 1.40. The firm’s fifty day moving average is $37.64 and its two-hundred day moving average is $34.29. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 0.81.
Avient Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Tuesday, March 17th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, March 17th. Avient’s dividend payout ratio (DPR) is 123.60%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research report on Monday, December 29th. Robert W. Baird set a $46.00 price target on shares of Avient in a research report on Friday, February 13th. Wall Street Zen raised shares of Avient from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. KeyCorp reiterated a “sector weight” rating on shares of Avient in a report on Wednesday, March 4th. Finally, Oppenheimer boosted their price objective on Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.00.
View Our Latest Report on Avient
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.
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