Thrivent Financial for Lutherans Sells 37,066 Shares of Avient Corporation $AVNT

Thrivent Financial for Lutherans decreased its stake in shares of Avient Corporation (NYSE:AVNT) by 41.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 52,024 shares of the company’s stock after selling 37,066 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Avient worth $1,714,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Avient by 0.9% during the second quarter. Geode Capital Management LLC now owns 2,252,855 shares of the company’s stock valued at $72,797,000 after buying an additional 19,813 shares during the period. Channing Capital Management LLC increased its holdings in Avient by 4.8% during the 2nd quarter. Channing Capital Management LLC now owns 1,760,151 shares of the company’s stock worth $56,870,000 after acquiring an additional 81,393 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Avient by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,729,925 shares of the company’s stock worth $57,001,000 after acquiring an additional 376,667 shares during the period. Westfield Capital Management Co. LP lifted its stake in Avient by 5.7% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,560,102 shares of the company’s stock worth $50,407,000 after purchasing an additional 84,784 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Avient by 21.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,288,581 shares of the company’s stock valued at $41,634,000 after purchasing an additional 231,102 shares during the period. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AVNT shares. KeyCorp upped their price target on shares of Avient from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Avient in a research note on Monday, December 29th. Zacks Research upgraded Avient from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Oppenheimer boosted their price objective on Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Avient currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Avient Price Performance

AVNT stock opened at $40.83 on Thursday. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $44.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.47 and a current ratio of 2.03. The firm’s fifty day moving average is $33.99 and its 200 day moving average is $33.40. The firm has a market cap of $3.74 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.34 and a beta of 1.44.

Avient 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.