Allspring Global Investments Holdings LLC Purchases 4,517 Shares of Avient Corporation $AVNT

Allspring Global Investments Holdings LLC grew its position in shares of Avient Corporation (NYSE:AVNT) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,518,249 shares of the company’s stock after acquiring an additional 4,517 shares during the period. Allspring Global Investments Holdings LLC owned about 3.84% of Avient worth $117,826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Avient by 75.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 318 shares during the period. GAMMA Investing LLC increased its position in shares of Avient by 57.5% during the first quarter. GAMMA Investing LLC now owns 1,422 shares of the company’s stock valued at $53,000 after buying an additional 519 shares during the period. Allworth Financial LP increased its position in shares of Avient by 2,450.0% during the first quarter. Allworth Financial LP now owns 1,479 shares of the company’s stock valued at $55,000 after buying an additional 1,421 shares during the period. Signaturefd LLC increased its position in shares of Avient by 39.1% during the second quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock valued at $53,000 after buying an additional 458 shares during the period. Finally, Armstrong Advisory Group Inc. purchased a new position in shares of Avient during the second quarter valued at about $53,000. 95.48% of the stock is owned by institutional investors.

Avient Price Performance

Shares of AVNT opened at $31.02 on Tuesday. The stock has a market cap of $2.84 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.41. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03. Avient Corporation has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The firm’s 50-day simple moving average is $34.91 and its two-hundred day simple moving average is $34.48.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $866.50 million for the quarter, compared to analysts’ expectations of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. Analysts anticipate that Avient Corporation will post 2.85 earnings per share for the current fiscal year.

Avient Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 12th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.5%. This is a boost from Avient’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 12th. Avient’s dividend payout ratio is currently 84.38%.

Wall Street Analyst Weigh In

AVNT has been the topic of several research analyst reports. KeyCorp initiated coverage on shares of Avient in a research report on Wednesday, September 17th. They set an “overweight” rating and a $48.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a research report on Wednesday, October 8th. Finally, Robert W. Baird reduced their price target on shares of Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Avient has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

About Avient

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.