Choreo LLC Boosts Holdings in Avient Co. (NYSE:AVNT)

Choreo LLC raised its stake in Avient Co. (NYSE:AVNT) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,812 shares of the company’s stock after acquiring an additional 238 shares during the quarter. Choreo LLC’s holdings in Avient were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westfield Capital Management Co. LP raised its holdings in shares of Avient by 4.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,522,656 shares of the company’s stock worth $76,620,000 after purchasing an additional 63,138 shares during the period. FMR LLC increased its position in Avient by 288.0% in the third quarter. FMR LLC now owns 26,138 shares of the company’s stock worth $1,315,000 after buying an additional 19,401 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Avient by 22.4% in the third quarter. JPMorgan Chase & Co. now owns 608,621 shares of the company’s stock valued at $30,626,000 after buying an additional 111,489 shares during the period. Cerity Partners LLC lifted its position in shares of Avient by 48.5% during the 3rd quarter. Cerity Partners LLC now owns 30,868 shares of the company’s stock valued at $1,553,000 after buying an additional 10,088 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Avient by 58.7% during the 3rd quarter. Signaturefd LLC now owns 865 shares of the company’s stock worth $44,000 after acquiring an additional 320 shares during the period. 95.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

AVNT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Avient from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company lowered their price target on shares of Avient from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Seaport Res Ptn downgraded shares of Avient from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Avient Trading Up 0.2 %

Shares of AVNT opened at $43.02 on Friday. Avient Co. has a twelve month low of $37.63 and a twelve month high of $54.68. The stock has a market cap of $3.93 billion, a PE ratio of 26.56, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a quick ratio of 1.21, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $42.48 and its 200-day moving average price is $46.32.

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

Avient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, March 18th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.51%. The ex-dividend date is Tuesday, March 18th. Avient’s payout ratio is 66.67%.

Avient Company 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.