Wellington Management Group LLP Buys 78,938 Shares of Avient Corporation $AVNT

Wellington Management Group LLP lifted its position in Avient Corporation (NYSE:AVNT) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,012,847 shares of the company’s stock after acquiring an additional 78,938 shares during the period. Wellington Management Group LLP’s holdings in Avient were worth $111,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AVNT. BlackRock Inc. bought a new position in shares of Avient during the second quarter worth $437,002,000. Norges Bank bought a new stake in shares of Avient in the 4th quarter valued at $41,457,000. Invesco Ltd. raised its stake in Avient by 697.0% during the 4th quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock worth $45,050,000 after buying an additional 1,261,146 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Avient during the 2nd quarter worth $45,933,000. Finally, Millennium Management LLC lifted its holdings in Avient by 440.4% during the third quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock worth $44,060,000 after acquiring an additional 1,089,744 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.

Analyst Ratings Changes

AVNT has been the subject of a number of research analyst reports. UBS Group set a $44.00 target price on Avient in a research note on Monday, June 8th. Robert W. Baird set a $43.00 price objective on Avient in a report on Friday, May 8th. Weiss Ratings raised Avient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Truist Financial raised their target price on shares of Avient from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company lifted their price target on shares of Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

Avient Trading Down 3.2%

Avient stock opened at $42.66 on Wednesday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.27 and a beta of 1.29. The firm has a 50-day moving average of $39.84 and a 200-day moving average of $37.89. 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 earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%.The business had revenue of $917.00 million for the quarter, compared to the consensus estimate of $898.53 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. 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. On average, equities analysts expect that Avient Corporation will post 3.2 earnings per share for the current fiscal year.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.6%. Avient’s dividend payout ratio 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.