Avient Co. (NYSE:AVNT) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its holdings in shares of Avient Co. (NYSE:AVNT) by 58.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 865 shares of the company’s stock after buying an additional 320 shares during the period. Signaturefd LLC’s holdings in Avient were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. grew its stake in shares of Avient by 81.6% in the third quarter. UMB Bank n.a. now owns 663 shares of the company’s stock valued at $33,000 after buying an additional 298 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Avient in the first quarter valued at approximately $35,000. GAMMA Investing LLC grew its position in Avient by 88.6% in the second quarter. GAMMA Investing LLC now owns 811 shares of the company’s stock valued at $35,000 after acquiring an additional 381 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Avient during the second quarter valued at approximately $59,000. Finally, CWM LLC lifted its position in shares of Avient by 21.5% during the third quarter. CWM LLC now owns 1,637 shares of the company’s stock worth $82,000 after purchasing an additional 290 shares in the last quarter. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Avient Stock Performance

AVNT stock opened at $48.50 on Thursday. Avient Co. has a 1 year low of $27.73 and a 1 year high of $51.51. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 1.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.73 and a current ratio of 0.97. The stock’s fifty day moving average is $48.38 and its two-hundred day moving average is $45.65.

Avient (NYSE:AVNT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Avient had a return on equity of 10.34% and a net margin of 3.70%. The business had revenue of $850.00 million during the quarter, compared to the consensus estimate of $841.40 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, research analysts predict that Avient Co. will post 2.64 EPS for the current year.

Avient Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a $0.27 dividend. The ex-dividend date is Friday, December 13th. This is a boost from Avient’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.23%. Avient’s dividend payout ratio (DPR) is 85.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVNT shares. Deutsche Bank Aktiengesellschaft upgraded Avient from a “hold” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $52.00 in a research note on Wednesday, August 7th. Seaport Res Ptn lowered Avient from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price target on shares of Avient from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Oppenheimer lifted their price target on shares of Avient from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.50.

About Avient

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.