Comerica Bank Sells 90,475 Shares of Avient Corporation $AVNT

Comerica Bank trimmed its holdings in Avient Corporation (NYSE:AVNT) by 72.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,119 shares of the company’s stock after selling 90,475 shares during the quarter. Comerica Bank’s holdings in Avient were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Avient in the third quarter valued at about $29,000. Parkside Financial Bank & Trust raised its holdings in shares of Avient by 54.2% in the third quarter. Parkside Financial Bank & Trust now owns 967 shares of the company’s stock valued at $32,000 after buying an additional 340 shares during the last quarter. Danske Bank A S bought a new position in shares of Avient in the third quarter valued at about $40,000. Quarry LP raised its holdings in shares of 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 buying an additional 560 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Avient in the third quarter valued at about $50,000. 95.48% of the stock is owned by institutional investors.

Avient Stock Performance

Shares of NYSE:AVNT opened at $37.01 on Friday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.12 and a beta of 1.31. Avient Corporation has a 1-year low of $27.48 and a 1-year high of $44.85. The company has a current ratio of 1.77, a quick ratio of 1.22 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $36.71 and a two-hundred day moving average price of $34.70.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The firm had revenue of $847.40 million during the quarter, compared to analysts’ expectations of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. Equities analysts predict that Avient Corporation will post 3.05 earnings per share for the current year.

Avient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Tuesday, March 17th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.0%. Avient’s dividend payout ratio is 63.95%.

Wall Street Analyst Weigh In

AVNT has been the subject of a number of research analyst reports. Wall Street Zen raised Avient from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Avient in a report on Wednesday, March 4th. Wells Fargo & Company lifted their price target on Avient from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Morgan Stanley set a $45.00 price objective on Avient in a report on Friday, February 13th. Finally, Oppenheimer boosted their price objective on Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.40.

Key Stories Impacting Avient

Here are the key news stories impacting Avient this week:

• Positive Sentiment: Avient beat first-quarter expectations, reporting adjusted EPS of $0.83 versus the $0.81 consensus and revenue of $847.4 million versus $846.35 million expected, with sales up 3% year over year. Avient Announces First Quarter 2026 Results
• Positive Sentiment: The company reaffirmed its full-year 2026 adjusted EPS guidance of $2.93 to $3.17 and said it is targeting more than $200 million in free cash flow, which supports confidence in earnings and cash generation. Avient outlines 2026 adjusted EPS of $2.93 to $3.17 while targeting more than $200M free cash
• Neutral Sentiment: Management’s guidance for second-quarter EPS of $0.89 was slightly above the market estimate, indicating modest near-term upside but not a major surprise. A Look At Avient (AVNT) Valuation After Returning To Profit In The First Quarter
• Neutral Sentiment: Investors are also digesting commentary from the earnings call and transcript, but the main stock driver today is the better-than-expected quarter and maintained full-year outlook rather than any new negative development. Avient Corporation (AVNT) Q1 2026 Earnings Call Transcript

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.