14,930 Shares in Avient Corporation $AVNT Bought by Cullen Capital Management LLC

Cullen Capital Management LLC bought a new stake in shares of Avient Corporation (NYSE:AVNT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,930 shares of the company’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVNT. Parkside Financial Bank & Trust increased its holdings in shares of Avient by 54.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after acquiring an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Avient during the second quarter worth approximately $37,000. DekaBank Deutsche Girozentrale acquired a new position in Avient during the second quarter valued at approximately $45,000. Quantbot Technologies LP bought a new position in shares of Avient in the second quarter valued at approximately $72,000. Finally, ARK Investment Management LLC lifted its stake in shares of Avient by 18.3% in the second quarter. ARK Investment Management LLC now owns 2,286 shares of the company’s stock worth $74,000 after buying an additional 354 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Avient Stock Down 2.3%

NYSE AVNT opened at $38.31 on Friday. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $44.78. The stock has a market cap of $3.51 billion, a PE ratio of 31.14, a PEG ratio of 1.31 and a beta of 1.44. The firm has a 50-day simple moving average of $33.27 and a 200 day simple moving average of $33.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.47 and a current ratio of 2.03.

Avient (NYSE:AVNT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Avient had a return on equity of 10.75% and a net margin of 3.49%.The firm had revenue of $806.50 million during the quarter, compared to analysts’ expectations of $823.57 million. During the same quarter in the prior year, the firm posted $0.65 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Company 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.