Jupiter Topco LLC Invests $1.35 Million in Avient Corporation $AVNT

Jupiter Topco LLC bought a new position in Avient Corporation (NYSE:AVNT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 36,574 shares of the company’s stock, valued at approximately $1,352,000.

Other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in shares of Avient in the 2nd quarter valued at $848,000. Palisade Capital Management LP acquired a new stake in shares of Avient during the 2nd quarter worth $15,421,000. Legal & General Group Plc acquired a new stake in shares of Avient during the 2nd quarter worth $4,612,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Avient during the 2nd quarter worth $45,933,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Avient in the 2nd quarter worth $179,000. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Avient Stock Performance

Shares of Avient stock opened at $43.45 on Friday. The firm has a market cap of $3.99 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $46.64. The firm’s 50-day simple moving average is $40.21 and its 200-day simple moving average is $37.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.90.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%.The firm had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $898.53 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Avient’s revenue for the quarter was up 5.8% compared to the same quarter last year. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Equities analysts forecast that Avient Corporation will post 3.2 earnings per share for the current fiscal year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a yield of 2.5%. Avient’s dividend payout ratio (DPR) is 59.46%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen upgraded Avient from a “buy” rating to a “strong-buy” rating in a report on Saturday. Seaport Research Partners restated a “buy” rating and issued a $54.00 price objective on shares of Avient in a report on Friday, August 7th. UBS Group set a $44.00 price objective on Avient in a research note on Monday, June 8th. Weiss Ratings upgraded Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Robert W. Baird set a $43.00 target price on Avient in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Avient presently has a consensus rating of “Moderate Buy” and an average price target of $46.71.

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.