Quantinno Capital Management LP Has $1.14 Million Holdings in Avient Corporation $AVNT

Quantinno Capital Management LP grew its position in Avient Corporation (NYSE:AVNT) by 55.8% in the first quarter, Holdings Channel reports. The fund owned 31,444 shares of the company’s stock after acquiring an additional 11,260 shares during the quarter. Quantinno Capital Management LP’s holdings in Avient were worth $1,141,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Avient during the 4th quarter worth $41,457,000. Invesco Ltd. raised its position in Avient by 697.0% in the fourth quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock valued at $45,050,000 after purchasing an additional 1,261,146 shares during the last quarter. Millennium Management LLC raised its position in Avient by 440.4% in the third quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock valued at $44,060,000 after purchasing an additional 1,089,744 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Avient by 96.0% during the first quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock valued at $51,229,000 after purchasing an additional 691,316 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Avient by 147.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,621 shares of the company’s stock valued at $24,980,000 after purchasing an additional 476,016 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AVNT. Seaport Research Partners restated a “buy” rating and set a $54.00 price target on shares of Avient in a report on Friday, August 7th. Truist Financial raised their price objective on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Robert W. Baird set a $43.00 target price on shares of Avient in a research report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avient in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Avient has an average rating of “Moderate Buy” and an average price target of $46.71.

Avient Stock Performance

Shares of AVNT stock opened at $46.28 on Friday. The stock has a market capitalization of $4.25 billion, a PE ratio of 25.02, a PEG ratio of 1.33 and a beta of 1.27. The business’s 50 day simple moving average is $38.01 and its 200 day simple moving average is $37.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35. Avient Corporation has a one year low of $27.48 and a one year high of $46.64.

Avient (NYSE:AVNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $917.00 million during the quarter, compared to analyst estimates of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. 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, research analysts forecast that Avient Corporation will post 3.2 earnings per share for the current year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. Avient’s dividend payout ratio is 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.