New York State Teachers Retirement System Has $4.29 Million Position in Avient Corporation $AVNT

New York State Teachers Retirement System reduced its stake in Avient Corporation (NYSE:AVNT) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 132,676 shares of the company’s stock after selling 822 shares during the period. New York State Teachers Retirement System’s holdings in Avient were worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AVNT. GAMMA Investing LLC grew its stake in shares of Avient by 57.5% in the first quarter. GAMMA Investing LLC now owns 1,422 shares of the company’s stock valued at $53,000 after acquiring an additional 519 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Avient by 20.1% in the first quarter. Blue Trust Inc. now owns 2,645 shares of the company’s stock valued at $98,000 after acquiring an additional 443 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Avient by 15.8% in the first quarter. Retirement Systems of Alabama now owns 340,233 shares of the company’s stock valued at $12,643,000 after acquiring an additional 46,342 shares in the last quarter. Diversified Trust Co grew its stake in shares of Avient by 2.5% in the first quarter. Diversified Trust Co now owns 14,007 shares of the company’s stock valued at $520,000 after acquiring an additional 336 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Avient by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,513,732 shares of the company’s stock valued at $129,586,000 after acquiring an additional 27,608 shares in the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVNT. Robert W. Baird decreased their price target on shares of Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. KeyCorp began coverage on shares of Avient in a research note on Wednesday, September 17th. They issued an “overweight” rating and a $48.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avient in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.60.

Avient Trading Up 1.9%

Shares of Avient stock opened at $31.96 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.09 and a beta of 1.41. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. Avient Corporation has a 12-month low of $27.86 and a 12-month high of $54.68. The firm’s 50-day moving average price is $34.72 and its two-hundred day moving average price is $34.35.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $866.50 million for the quarter, compared to the consensus estimate of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, analysts forecast that Avient Corporation will post 2.85 earnings per share for the current fiscal year.

Avient Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Friday, December 12th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Avient’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 12th. Avient’s dividend payout ratio (DPR) is currently 84.38%.

Avient Company 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.