Palisade Capital Management LP Makes New $15.42 Million Investment in Avient Corporation $AVNT

Palisade Capital Management LP purchased a new stake in shares of Avient Corporation (NYSE:AVNT) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 417,224 shares of the company’s stock, valued at approximately $15,421,000. Palisade Capital Management LP owned 0.45% of Avient at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AVNT. TD Private Client Wealth LLC lifted its stake in shares of Avient by 342.3% in the fourth quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock worth $29,000 after buying an additional 729 shares in the last quarter. Torren Management LLC bought a new stake in shares of Avient during the fourth quarter valued at approximately $39,000. Danske Bank A S bought a new stake in shares of Avient during the third quarter valued at approximately $40,000. Quarry LP raised its holdings in Avient by 83.1% in the 3rd quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Avient in the 4th quarter worth approximately $43,000. Institutional investors own 95.48% of the company’s stock.

Avient Price Performance

NYSE:AVNT opened at $44.75 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $4.10 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.28 and a beta of 1.27. Avient Corporation has a 12 month low of $27.48 and a 12 month high of $46.64. The business’s 50-day moving average is $39.13 and its 200 day moving average is $37.72.

Avient (NYSE:AVNT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.Avient’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, equities research analysts forecast that Avient Corporation will post 3.2 earnings per share for the current fiscal year.

Avient Dividend Announcement

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

Wall Street Analyst Weigh In

AVNT has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Robert W. Baird set a $43.00 target price on shares of Avient in a research note on Friday, May 8th. Weiss Ratings raised Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. UBS Group set a $44.00 price target on Avient in a research note on Monday, June 8th. Finally, Wells Fargo & Company lifted their price objective on Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.71.

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.