Dynamic Technology Lab Private Ltd Has $1.19 Million Stock Position in Avient Corporation $AVNT

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Avient Corporation (NYSE:AVNT) by 45.7% in the 2nd quarter, Holdings Channel reports. The firm owned 36,801 shares of the company’s stock after buying an additional 11,542 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Avient were worth $1,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AVNT. Northwestern Mutual Wealth Management Co. lifted its position in shares of Avient by 75.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the company’s stock worth $27,000 after buying an additional 318 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Avient during the second quarter worth about $37,000. DekaBank Deutsche Girozentrale bought a new position in shares of Avient in the second quarter worth about $45,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Avient in the 2nd quarter valued at approximately $53,000. Finally, Signaturefd LLC grew its holdings in shares of Avient by 39.1% during the 2nd quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock valued at $53,000 after purchasing an additional 458 shares during the last quarter. Institutional investors own 95.48% of the company’s stock.

Avient Price Performance

Shares of AVNT opened at $27.50 on Friday. The business has a 50-day moving average of $31.95 and a 200-day moving average of $34.13. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.50. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.48. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $53.61.

Avient (NYSE:AVNT) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Avient had a return on equity of 10.57% and a net margin of 3.65%.The business had revenue of $806.50 million for the quarter, compared to analysts’ expectations of $823.57 million. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. As a group, equities research analysts anticipate that Avient Corporation will post 2.85 earnings per share for the current year.

Avient Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 12th will be paid a dividend of $0.275 per share. This is a boost from Avient’s previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, December 12th. Avient’s payout ratio is 89.43%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird dropped their price objective on shares of Avient from $43.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research report on Wednesday. Zacks Research cut Avient from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. KeyCorp started coverage on Avient in a research note on Wednesday, September 17th. They issued an “overweight” rating and a $48.00 price objective for the company. Finally, Oppenheimer reiterated an “outperform” rating and issued a $37.00 price objective on shares of Avient in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Avient Profile

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.