Pacer Advisors Inc. Decreases Holdings in Avient Corporation $AVNT

Pacer Advisors Inc. decreased its stake in Avient Corporation (NYSE:AVNT) by 93.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,549 shares of the company’s stock after selling 150,408 shares during the quarter. Pacer Advisors Inc.’s holdings in Avient were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Avient during the 4th quarter worth about $41,457,000. Invesco Ltd. lifted its stake in Avient by 697.0% in the 4th quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock valued at $45,050,000 after buying an additional 1,261,146 shares in the last quarter. Millennium Management LLC boosted its holdings in Avient by 440.4% in the 3rd quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock worth $44,060,000 after buying an additional 1,089,744 shares during the last quarter. Jennison Associates LLC boosted its holdings in Avient by 96.0% in the 1st quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock worth $51,229,000 after buying an additional 691,316 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Avient by 147.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 799,621 shares of the company’s stock worth $24,980,000 after buying an additional 476,016 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Analysts Set New Price Targets

AVNT has been the subject of a number of research analyst reports. Seaport Research Partners reissued a “buy” rating and set a $54.00 target price on shares of Avient in a report on Friday. UBS Group set a $44.00 price target on Avient in a research note on Monday, June 8th. Truist Financial boosted their price target on Avient from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Robert W. Baird set a $43.00 price objective on Avient in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

Avient Stock Performance

AVNT opened at $45.46 on Wednesday. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $46.64. The firm has a market capitalization of $4.17 billion, a PE ratio of 24.57, a PEG ratio of 1.38 and a beta of 1.27. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $37.31 and its 200 day moving average price is $37.17.

Avient (NYSE:AVNT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same quarter in the prior year, the firm earned $0.80 EPS. Avient’s quarterly revenue was up 5.8% on a year-over-year basis. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. As a group, sell-side analysts expect that Avient Corporation will post 3.2 EPS for the current fiscal year.

Avient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. Avient’s dividend payout ratio (DPR) is currently 59.46%.

Avient 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.