Edgestream Partners L.P. Has $1.74 Million Holdings in Avient Corporation $AVNT

Edgestream Partners L.P. grew its holdings in shares of Avient Corporation (NYSE:AVNT) by 361.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 47,958 shares of the company’s stock after purchasing an additional 37,564 shares during the quarter. Edgestream Partners L.P.’s holdings in Avient were worth $1,741,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AVNT. Vanguard Group Inc. increased its stake in shares of Avient by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company’s stock valued at $319,223,000 after acquiring an additional 77,246 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Avient by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company’s stock worth $180,546,000 after acquiring an additional 192,788 shares in the last quarter. Franklin Resources Inc. boosted its stake in Avient by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 4,090,286 shares of the company’s stock worth $127,781,000 after acquiring an additional 410,112 shares in the last quarter. Geode Capital Management LLC grew its holdings in Avient by 0.5% in the fourth 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 during the period. Finally, Channing Capital Management LLC grew its holdings in Avient by 0.3% in the fourth quarter. Channing Capital Management LLC now owns 2,102,982 shares of the company’s stock worth $65,697,000 after purchasing an additional 7,161 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Price Performance

Avient stock opened at $37.40 on Tuesday. Avient Corporation has a 12 month low of $27.48 and a 12 month high of $44.85. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $36.47 and its 200 day simple moving average is $36.89. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.14 and a beta of 1.27.

Avient (NYSE:AVNT) last released its earnings results on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $847.40 million during the quarter, compared to the consensus estimate of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. 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 forecast that Avient Corporation will post 3.08 EPS for the current year.

Avient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, September 11th. Avient’s payout ratio is currently 63.95%.

Analysts Set New Price Targets

AVNT has been the topic of several research reports. Robert W. Baird set a $43.00 price objective on shares of Avient in a report on Friday, May 8th. UBS Group set a $44.00 target price on Avient in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Finally, Truist Financial began coverage on Avient in a research note on Monday, June 8th. They set a “buy” rating and a $44.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.71.

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.