Yousif Capital Management LLC Sells 1,423 Shares of Avient Co. (NYSE:AVNT)

Yousif Capital Management LLC trimmed its position in Avient Co. (NYSE:AVNT) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,041 shares of the company’s stock after selling 1,423 shares during the period. Yousif Capital Management LLC’s holdings in Avient were worth $1,309,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Trust Point Inc. raised its position in shares of Avient by 23.6% during the 4th quarter. Trust Point Inc. now owns 5,164 shares of the company’s stock valued at $211,000 after buying an additional 985 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Avient by 7.6% during the 4th quarter. Jennison Associates LLC now owns 1,825,283 shares of the company’s stock valued at $74,581,000 after buying an additional 128,718 shares in the last quarter. KBC Group NV lifted its position in Avient by 47.2% in the 4th quarter. KBC Group NV now owns 4,090 shares of the company’s stock worth $167,000 after buying an additional 1,312 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Avient in the fourth quarter worth approximately $225,000. Finally, Linden Thomas Advisory Services LLC grew its position in Avient by 16.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 22,133 shares of the company’s stock valued at $904,000 after acquiring an additional 3,078 shares during the last quarter. 95.48% of the stock is owned by institutional investors.

Avient Stock Performance

Shares of Avient stock opened at $42.89 on Friday. The business has a fifty day simple moving average of $42.61 and a two-hundred day simple moving average of $46.34. The firm has a market capitalization of $3.92 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. Avient Co. has a 12 month low of $37.33 and a 12 month high of $54.68.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Avient had a return on equity of 10.56% and a net margin of 4.66%. On average, equities analysts forecast that Avient Co. will post 2.65 earnings per share for the current fiscal year.

Avient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.08 annualized dividend and a yield of 2.52%. Avient’s dividend payout ratio is 66.67%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AVNT. Seaport Res Ptn lowered Avient from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Wells Fargo & Company raised their target price on shares of Avient from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Avient currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.50.

Avient Profile

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.