Ieq Capital LLC Buys Shares of 22,193 Avient Corporation $AVNT

Ieq Capital LLC bought a new stake in shares of Avient Corporation (NYSE:AVNT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,193 shares of the company’s stock, valued at approximately $820,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVNT. Robert W. Baird set a $43.00 price target on Avient in a research report on Friday, May 8th. UBS Group set a $44.00 price objective on Avient in a report on Monday, June 8th. Weiss Ratings upgraded Avient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Truist Financial upped their price objective on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their target price on shares of Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Avient currently has an average rating of “Moderate Buy” and an average price target of $46.71.

Avient Trading Down 1.0%

NYSE:AVNT opened at $44.34 on Friday. The company has a market cap of $4.07 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.29 and a beta of 1.27. The stock’s fifty day moving average price is $39.42 and its two-hundred day moving average price is $37.81. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $46.64. 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 (NYSE:AVNT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.96 earnings per share 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 previous year, the business earned $0.80 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. 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 expect that Avient Corporation will post 3.2 EPS for the current year.

Avient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, September 11th. Avient’s payout ratio is presently 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.