Thrivent Financial for Lutherans Trims Stock Holdings in Avient Corporation $AVNT

Thrivent Financial for Lutherans lowered its position in shares of Avient Corporation (NYSE:AVNT) by 41.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 52,024 shares of the company’s stock after selling 37,066 shares during the period. Thrivent Financial for Lutherans’ holdings in Avient were worth $1,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Avient by 1.0% during the first quarter. Royal Bank of Canada now owns 128,730 shares of the company’s stock valued at $4,782,000 after purchasing an additional 1,321 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Avient by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company’s stock worth $1,998,000 after purchasing an additional 2,341 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Avient by 294.8% during the first quarter. NewEdge Advisors LLC now owns 9,340 shares of the company’s stock valued at $347,000 after buying an additional 6,974 shares during the last quarter. United Services Automobile Association purchased a new position in Avient in the 1st quarter worth approximately $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Avient by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock valued at $11,073,000 after acquiring an additional 10,535 shares in the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

Avient Price Performance

NYSE AVNT opened at $40.83 on Thursday. The company has a 50-day moving average price of $33.99 and a 200-day moving average price of $33.40. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $44.78. The company has a quick ratio of 1.47, a current ratio of 2.03 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $3.74 billion, a P/E ratio of 33.20, a PEG ratio of 1.34 and a beta of 1.44.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer lifted their target price on Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a report on Monday, December 29th. KeyCorp boosted their target price on Avient from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Finally, Zacks Research raised shares of Avient from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

About Avient

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.