The Manufacturers Life Insurance Company Sells 22,591 Shares of Avient Corporation $AVNT

The Manufacturers Life Insurance Company lowered its holdings in Avient Corporation (NYSE:AVNT) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,231,437 shares of the company’s stock after selling 22,591 shares during the period. The Manufacturers Life Insurance Company owned about 1.34% of Avient worth $44,701,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. TD Private Client Wealth LLC grew its position in Avient by 342.3% during the fourth quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock valued at $29,000 after buying an additional 729 shares during the period. Torren Management LLC bought a new stake in Avient in the fourth quarter worth about $39,000. Danske Bank A S bought a new stake in Avient in the third quarter worth about $40,000. Quarry LP boosted its stake in Avient by 83.1% in the third quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $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 fourth quarter valued at about $43,000. 95.48% of the stock is owned by hedge funds and other institutional investors.

Avient Stock Performance

NYSE AVNT opened at $36.72 on Friday. The firm has a market cap of $3.37 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $36.37 and its 200-day moving average is $36.86. Avient Corporation has a 12-month low of $27.48 and a 12-month high of $44.85.

Avient (NYSE:AVNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Avient had a net margin of 4.81% and a return on equity of 11.11%. The business had revenue of $847.40 million during the quarter, compared to analyst estimates of $846.35 million. During the same period in the previous year, the business earned $0.76 EPS. Avient’s revenue was up 2.5% compared to the same quarter last year. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. Sell-side analysts predict that Avient Corporation will post 3.08 earnings per share for the current year.

Avient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be given a $0.275 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 3.0%. Avient’s payout ratio is 63.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AVNT shares. UBS Group set a $44.00 price target on shares of Avient in a research note on Monday, June 8th. Robert W. Baird set a $43.00 price objective on Avient in a research note on Friday, May 8th. Truist Financial assumed coverage on Avient in a report on Monday, June 8th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.71.

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.