Fifth Third Bancorp Has $1.21 Million Stock Holdings in Avient Corporation $AVNT

Fifth Third Bancorp boosted its position in Avient Corporation (NYSE:AVNT) by 3,145.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,331 shares of the company’s stock after acquiring an additional 32,304 shares during the period. Fifth Third Bancorp’s holdings in Avient were worth $1,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVNT. TD Private Client Wealth LLC boosted its stake in shares of Avient by 342.3% in the 4th quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock valued at $29,000 after purchasing an additional 729 shares during the last quarter. Torren Management LLC bought a new stake in shares of Avient during the fourth quarter worth approximately $39,000. Danske Bank A S acquired a new position in Avient in the third quarter valued at approximately $40,000. Quarry LP lifted its holdings in Avient by 83.1% in the third quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $41,000 after buying an additional 560 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Avient in the fourth quarter valued at approximately $43,000. 95.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVNT has been the subject of a number of analyst reports. Truist Financial began coverage on shares of Avient in a report on Monday, June 8th. They set a “buy” rating and a $44.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. UBS Group set a $44.00 price objective on Avient in a research note on Monday, June 8th. Finally, Robert W. Baird set a $43.00 price objective on Avient in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.71.

Avient Stock Up 2.5%

Shares of NYSE:AVNT opened at $37.57 on Friday. The company has a 50 day moving average price of $36.12 and a two-hundred day moving average price of $36.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77. The company has a market capitalization of $3.45 billion, a PE ratio of 21.84, a PEG ratio of 1.15 and a beta of 1.27. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $44.85.

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

Avient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be issued 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 2.9%. Avient’s payout ratio is currently 63.95%.

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.