Strs Ohio Lowers Position in Avient Corporation $AVNT

Strs Ohio trimmed its holdings in shares of Avient Corporation (NYSE:AVNT) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,200 shares of the company’s stock after selling 31,400 shares during the period. Strs Ohio owned about 0.20% of Avient worth $6,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Avient in the 2nd quarter worth approximately $37,000. DekaBank Deutsche Girozentrale bought a new position in Avient in the second quarter worth approximately $45,000. Signaturefd LLC lifted its holdings in Avient by 39.1% during the second quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock worth $53,000 after buying an additional 458 shares during the period. GAMMA Investing LLC boosted its position in Avient by 55.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock valued at $71,000 after acquiring an additional 787 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Avient in the 2nd quarter valued at $72,000. Institutional investors own 95.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp upped their price objective on Avient from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Zacks Research raised shares of Avient from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Avient in a report on Monday, December 29th. Finally, Oppenheimer boosted their price objective on shares of Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.50.

Avient Stock Down 1.0%

NYSE:AVNT opened at $37.02 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.47 and a debt-to-equity ratio of 0.83. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $44.78. The company has a market cap of $3.39 billion, a PE ratio of 30.10, a P/E/G ratio of 1.25 and a beta of 1.44. The company’s 50 day moving average is $32.01 and its two-hundred day moving average is $33.02.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $806.50 million during the quarter, compared to the consensus estimate of $823.57 million. Avient had a net margin of 3.49% and a return on equity of 10.75%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. Analysts anticipate that Avient Corporation will post 2.85 EPS for the current year.

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.