Legal & General Group Plc Invests $4.61 Million in Avient Corporation $AVNT

Legal & General Group Plc acquired a new position in Avient Corporation (NYSE:AVNT) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 124,784 shares of the company’s stock, valued at approximately $4,612,000.

Several other hedge funds and other institutional investors have also modified their holdings of AVNT. Royal Bank of Canada grew its holdings in shares of Avient by 1.0% during 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. lifted its position 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 buying an additional 2,341 shares in the last quarter. NewEdge Advisors LLC lifted its position 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 buying an additional 6,974 shares in the last quarter. United Services Automobile Association purchased a new stake in Avient during the first quarter worth approximately $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 acquiring an additional 10,535 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on AVNT shares. Seaport Research Partners restated a “buy” rating and set a $54.00 target price on shares of Avient in a report on Friday, August 7th. Weiss Ratings raised Avient from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Robert W. Baird set a $43.00 price objective on Avient in a research note on Friday, May 8th. Wells Fargo & Company upped their target price on Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, UBS Group set a $44.00 target price on Avient in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Avient presently has an average rating of “Moderate Buy” and an average price target of $46.71.

Avient Stock Down 1.3%

NYSE:AVNT opened at $43.02 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.90. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. Avient Corporation has a one year low of $27.48 and a one year high of $46.64. The stock has a 50-day simple moving average of $40.10 and a 200 day simple moving average of $37.90.

Avient (NYSE:AVNT) last released its earnings results on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $898.53 million. During the same quarter last year, the business posted $0.80 EPS. Avient’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. Sell-side analysts predict that Avient Corporation will post 3.2 EPS for the current fiscal year.

Avient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.6%. Avient’s payout ratio is 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.