Intech Investment Management LLC Trims Position in Avient Corporation $AVNT

Intech Investment Management LLC trimmed its stake in Avient Corporation (NYSE:AVNT) by 21.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,853 shares of the company’s stock after selling 14,544 shares during the period. Intech Investment Management LLC’s holdings in Avient were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of Avient by 54.2% during the third quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock worth $32,000 after acquiring an additional 340 shares during the period. Quantbot Technologies LP bought a new position in Avient in the second quarter worth approximately $72,000. Osaic Holdings Inc. increased its holdings in Avient by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 5,937 shares of the company’s stock worth $198,000 after purchasing an additional 1,440 shares during the period. United Services Automobile Association purchased a new position in Avient during the 1st quarter worth $224,000. Finally, Cetera Trust Company N.A raised its position in Avient by 11.7% during the 2nd quarter. Cetera Trust Company N.A now owns 6,210 shares of the company’s stock valued at $201,000 after purchasing an additional 650 shares in the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

Avient Stock Down 2.1%

Shares of Avient stock opened at $39.06 on Friday. 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 $3.58 billion, a P/E ratio of 43.89, a PEG ratio of 1.21 and a beta of 1.40. The firm’s 50 day moving average price is $37.44 and its 200-day moving average price is $34.29. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $44.85.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share 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 period last year, the firm earned $0.49 earnings per share. Avient’s revenue was up 1.9% compared to the same quarter last year. 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, sell-side analysts predict that Avient Corporation will post 2.85 EPS for the current fiscal year.

Avient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Tuesday, March 17th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, March 17th. Avient’s payout ratio is 123.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AVNT shares. Oppenheimer raised their price target on Avient from $37.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Wells Fargo & Company raised their target price on shares of Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Avient from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Robert W. Baird set a $46.00 price objective on shares of Avient in a research note on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Avient in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avient presently has a consensus rating of “Hold” and a consensus 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.