Man Group plc Acquires Shares of 33,089 Avient Corporation $AVNT

Man Group plc bought a new position in shares of Avient Corporation (NYSE:AVNT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,089 shares of the company’s stock, valued at approximately $1,223,000.

Several other hedge funds have also recently modified their holdings of AVNT. Public Employees Retirement System of Ohio lifted its stake in Avient by 12.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,222 shares of the company’s stock valued at $69,000 after buying an additional 251 shares in the last quarter. Cetera Investment Advisers increased its stake in Avient by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 11,748 shares of the company’s stock worth $426,000 after buying an additional 346 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in Avient by 17.5% during the 4th quarter. Arcadia Investment Management Corp MI now owns 2,345 shares of the company’s stock worth $73,000 after buying an additional 350 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Avient by 1.8% during the first quarter. State of Michigan Retirement System now owns 22,024 shares of the company’s stock valued at $799,000 after acquiring an additional 400 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Avient by 51.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company’s stock valued at $45,000 after acquiring an additional 424 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Stock Up 2.5%

Shares of AVNT opened at $43.68 on Thursday. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $46.64. The company has a market capitalization of $4.01 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The stock has a fifty day simple moving average of $39.97 and a two-hundred day simple moving average of $37.90. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77.

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

Avient Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AVNT. Robert W. Baird set a $43.00 price target on Avient in a research note on Friday, May 8th. UBS Group set a $44.00 target price on shares of Avient in a research note on Monday, June 8th. Weiss Ratings raised shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Wells Fargo & Company increased their target price on shares of Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $54.00 price target on shares of Avient in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avient 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.