Tudor Investment Corp ET AL Sells 16,503 Shares of Avient Corporation $AVNT

Tudor Investment Corp ET AL decreased its position in shares of Avient Corporation (NYSE:AVNT) by 43.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,914 shares of the company’s stock after selling 16,503 shares during the period. Tudor Investment Corp ET AL’s holdings in Avient were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Channing Capital Management LLC lifted its holdings in shares of Avient by 19.1% in the third quarter. Channing Capital Management LLC now owns 2,095,821 shares of the company’s stock worth $69,057,000 after acquiring an additional 335,670 shares during the last quarter. EDENTREE ASSET MANAGEMENT Ltd grew its holdings in shares of Avient by 26.6% during the 3rd quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 319,760 shares of the company’s stock valued at $10,536,000 after purchasing an additional 67,200 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Avient by 7.0% during the 3rd quarter. New York State Common Retirement Fund now owns 1,084,382 shares of the company’s stock valued at $35,730,000 after purchasing an additional 71,354 shares during the last quarter. Victory Capital Management Inc. increased its position in Avient by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,591,723 shares of the company’s stock worth $52,447,000 after purchasing an additional 121,272 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Avient by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,729,925 shares of the company’s stock worth $57,001,000 after purchasing an additional 376,667 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Avient from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. KeyCorp reiterated a “sector weight” rating on shares of Avient in a report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Avient in a report on Monday, December 29th. Morgan Stanley set a $45.00 price objective on Avient in a research report on Friday, February 13th. Finally, Wells Fargo & Company upped their target price on Avient from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.00.

Avient Stock Performance

Shares of Avient stock opened at $36.31 on Wednesday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 1.08 and a beta of 1.40. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $44.85. The company’s fifty day moving average is $37.96 and its 200 day moving average is $33.99. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 0.81.

Avient (NYSE:AVNT) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Avient had a net margin of 2.51% and a return on equity of 10.95%. The business had revenue of $760.60 million during the quarter, compared to the consensus estimate of $750.19 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Avient has set its Q1 2026 guidance at 0.810-0.810 EPS and its FY 2026 guidance at 2.930-3.170 EPS. Sell-side analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Tuesday, March 17th will be given a dividend of $0.275 per share. The ex-dividend date is Tuesday, March 17th. This represents a $1.10 annualized dividend and a dividend yield of 3.0%. Avient’s dividend payout ratio is presently 123.60%.

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.