Avient (NYSE:AVNT) Shares Down 7.1% – Here’s What Happened

Shares of Avient Corporation (NYSE:AVNT) traded down 7.1% during trading on Wednesday . The stock traded as low as $35.24 and last traded at $35.38. Approximately 406,930 shares changed hands during trading, a decline of 51% from the average session volume of 834,835 shares. The stock had previously closed at $38.10.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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 target on shares of Avient in a report on Monday, June 8th. Truist Financial started coverage on Avient in a research report on Monday, June 8th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Robert W. Baird set a $43.00 price objective on Avient in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.71.

Avient Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.80. The company has a market cap of $3.23 billion, a PE ratio of 20.50, a P/E/G ratio of 1.22 and a beta of 1.27. The firm’s 50-day simple moving average is $36.03 and its two-hundred day simple moving average is $36.30.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $847.40 million during the quarter, compared to the consensus estimate of $846.35 million. Avient had a net margin of 4.81% and a return on equity of 11.11%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. As a group, research analysts anticipate that Avient Corporation will post 3.08 earnings per share for the current fiscal year.

Avient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 18th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.1%. Avient’s payout ratio is 63.95%.

Hedge Funds Weigh In On Avient

Several hedge funds and other institutional investors have recently bought and sold shares of AVNT. Assenagon Asset Management S.A. purchased a new stake in shares of Avient in the 2nd quarter valued at $9,414,000. NewEdge Advisors LLC raised its holdings in shares of Avient by 6,164.2% during the first quarter. NewEdge Advisors LLC now owns 8,394 shares of the company’s stock worth $305,000 after purchasing an additional 8,260 shares during the last quarter. Cim Investment Management Inc. lifted its position in Avient by 34.4% during the first quarter. Cim Investment Management Inc. now owns 10,244 shares of the company’s stock valued at $372,000 after purchasing an additional 2,621 shares during the period. Bank of America Corp DE boosted its holdings in Avient by 13.3% in the first quarter. Bank of America Corp DE now owns 1,066,828 shares of the company’s stock valued at $38,726,000 after purchasing an additional 124,831 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in Avient by 361.4% during the 1st quarter. Edgestream Partners L.P. now owns 47,958 shares of the company’s stock worth $1,741,000 after purchasing an additional 37,564 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

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.