Norges Bank Invests $41.46 Million in Avient Corporation $AVNT

Norges Bank purchased a new position in shares of Avient Corporation (NYSE:AVNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,327,044 shares of the company’s stock, valued at approximately $41,457,000. Norges Bank owned approximately 1.45% of Avient as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Avient by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company’s stock worth $319,223,000 after buying an additional 77,246 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Avient by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,753,848 shares of the company’s stock worth $156,637,000 after purchasing an additional 62,926 shares in the last quarter. Geode Capital Management LLC increased its position in Avient by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,283,321 shares of the company’s stock worth $71,341,000 after purchasing an additional 11,801 shares in the last quarter. Channing Capital Management LLC increased its position in Avient by 19.1% during the 3rd quarter. Channing Capital Management LLC now owns 2,095,821 shares of the company’s stock worth $69,057,000 after purchasing an additional 335,670 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Avient by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,800,903 shares of the company’s stock worth $56,260,000 after purchasing an additional 70,978 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Wall Street Analysts Forecast Growth

AVNT has been the subject of a number of research analyst reports. Morgan Stanley set a $45.00 price objective on shares of Avient in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Avient from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Truist Financial started coverage on Avient in a report on Monday. They issued a “buy” rating and a $44.00 target price for the company. KeyCorp reaffirmed a “sector weight” rating on shares of Avient in a report on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.71.

Avient Trading Up 1.6%

Shares of NYSE AVNT opened at $34.47 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $44.85. The firm has a 50 day moving average price of $35.94 and a two-hundred day moving average price of $35.28. The stock has a market cap of $3.16 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28.

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

Avient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, June 18th. Avient’s dividend payout ratio is 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.