Palisade Capital Management LP Buys New Stake in Avient Corporation $AVNT

Palisade Capital Management LP purchased a new position in shares of Avient Corporation (NYSE:AVNT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 417,224 shares of the company’s stock, valued at approximately $15,421,000.

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

Avient Stock Up 0.7%

AVNT stock opened at $44.75 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $39.13 and a two-hundred day moving average of $37.72. Avient Corporation has a 12 month low of $27.48 and a 12 month high of $46.64. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.28 and a beta of 1.27.

Avient (NYSE:AVNT) last issued its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a return on equity of 11.64% and a net margin of 5.10%.The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $898.53 million. During the same period in the prior year, the business earned $0.80 EPS. The firm’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. As a group, analysts forecast that Avient Corporation will post 3.2 earnings per share for the current fiscal year.

Avient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, September 11th. Avient’s dividend payout ratio is presently 59.46%.

Wall Street Analyst Weigh In

Several analysts recently commented on AVNT shares. Wells Fargo & Company raised their price target on shares of Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Truist Financial raised their target price on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings raised Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. UBS Group set a $44.00 price objective on Avient in a research report on Monday, June 8th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $54.00 target price on shares of Avient in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.71.

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.