JPMorgan Chase & Co. Buys 42,118 Shares of Avient Corporation $AVNT

JPMorgan Chase & Co. lifted its stake in Avient Corporation (NYSE:AVNT) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 868,083 shares of the company’s stock after buying an additional 42,118 shares during the quarter. JPMorgan Chase & Co.’s holdings in Avient were worth $28,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Avient during the second quarter valued at $36,767,000. Millennium Management LLC lifted its stake in Avient by 440.4% in the 3rd quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock worth $44,060,000 after purchasing an additional 1,089,744 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Avient by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,729,925 shares of the company’s stock valued at $57,001,000 after purchasing an additional 376,667 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Avient by 962.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 379,113 shares of the company’s stock valued at $12,492,000 after purchasing an additional 343,424 shares during the last quarter. Finally, Channing Capital Management LLC grew its position 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 valued at $69,057,000 after purchasing an additional 335,670 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.

Wall Street Analyst Weigh In

AVNT has been the topic of several research reports. Robert W. Baird set a $46.00 target price on Avient in a report 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 note on Friday, February 13th. Morgan Stanley set a $45.00 price objective on Avient in a research note on Friday, February 13th. KeyCorp reaffirmed a “sector weight” rating on shares of Avient in a report on Wednesday, March 4th. Finally, Zacks Research upgraded Avient from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.00.

Avient Stock Performance

Avient stock opened at $33.48 on Tuesday. The company’s 50-day moving average price is $37.93 and its 200-day moving average price is $34.05. 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 company has a market cap of $3.07 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $44.85.

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

Avient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Tuesday, March 17th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Avient’s dividend payout ratio (DPR) is presently 123.60%.

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.