Tudor Investment Corp ET AL Sells 16,503 Shares of Avient Corporation $AVNT

Tudor Investment Corp ET AL decreased its stake in shares of Avient Corporation (NYSE:AVNT) by 43.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,914 shares of the company’s stock after selling 16,503 shares during the period. Tudor Investment Corp ET AL’s holdings in Avient were worth $722,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVNT. Parkside Financial Bank & Trust lifted its position in shares of 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 acquiring an additional 340 shares during the period. Arizona State Retirement System increased its stake in Avient by 1.4% in the third quarter. Arizona State Retirement System now owns 27,085 shares of the company’s stock valued at $892,000 after purchasing an additional 372 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Avient by 6.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,729 shares of the company’s stock valued at $288,000 after purchasing an additional 502 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Avient by 1.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 52,636 shares of the company’s stock worth $1,700,000 after purchasing an additional 518 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Avient by 83.1% during the 3rd quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AVNT. Morgan Stanley set a $45.00 price objective on Avient in a research note on Friday, February 13th. Robert W. Baird set a $46.00 target price on shares of Avient in a report on Friday, February 13th. Wall Street Zen raised shares of Avient from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Wells Fargo & Company boosted their price objective on Avient from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Oppenheimer increased 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.com, Avient currently has a consensus rating of “Hold” and an average price target of $47.00.

Avient Price Performance

AVNT opened at $36.31 on Wednesday. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $44.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.66 and a quick ratio of 1.22. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 1.08 and a beta of 1.40. The firm’s fifty day moving average price is $37.96 and its two-hundred day moving average price is $33.99.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Avient had a net margin of 2.51% and a return on equity of 10.95%. The company had revenue of $760.60 million during the quarter, compared to the consensus estimate of $750.19 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Avient has set its Q1 2026 guidance at 0.810-0.810 EPS and its FY 2026 guidance at 2.930-3.170 EPS. As a group, analysts anticipate that Avient Corporation will post 2.85 earnings per share for the current fiscal year.

Avient Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, March 17th. This represents a $1.10 annualized dividend and a yield of 3.0%. Avient’s dividend payout ratio (DPR) is 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.