2 weeks Ago By ABMN Staff
Invesco Ltd. raised its position in Avient Co. ( NYSE:AVNT – Free Report ) by 0.
9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,642 shares of the company’s stock after purchasing an additional 1,688 shares during the quarter. Invesco Ltd.
’s holdings in Avient were worth $7,667,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently bought and sold shares of the company. Choreo LLC raised its holdings in Avient by 4.
3% in the 4th quarter. Choreo LLC now owns 5,812 shares of the company’s stock valued at $237,000 after buying an additional 238 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Avient by 56.
2% during the fourth quarter. Smartleaf Asset Management LLC now owns 695 shares of the company’s stock valued at $28,000 after acquiring an additional 250 shares during the last quarter. Envestnet Portfolio Solutions Inc.
raised its stake in shares of Avient by 4.0% in the 4th quarter. Envestnet Portfolio Solutions Inc.
now owns 6,599 shares of the company’s stock valued at $270,000 after acquiring an additional 256 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Avient by 4.9% in the 4th quarter.
Janney Montgomery Scott LLC now owns 5,551 shares of the company’s stock valued at $227,000 after acquiring an additional 258 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Avient by 4.3% during the 4th quarter.
LPL Financial LLC now owns 15,289 shares of the company’s stock worth $625,000 after purchasing an additional 629 shares during the period. 95.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes AVNT has been the topic of a number of research reports. Seaport Res Ptn upgraded Avient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their target price on Avient from $55.
00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Baird R W raised shares of Avient to a “hold” rating in a research report on Friday, March 14th.
Deutsche Bank Aktiengesellschaft upped their target price on shares of Avient from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.
Finally, Robert W. Baird started coverage on shares of Avient in a research report on Friday, March 14th. They issued a “neutral” rating and a $43.
00 price target for the company. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.
60. Avient Trading Up 3.1 % NYSE AVNT opened at $33.
68 on Friday. Avient Co. has a 52 week low of $27.
86 and a 52 week high of $54.68. The firm has a 50 day moving average of $37.
36 and a two-hundred day moving average of $42.98. The stock has a market capitalization of $3.
08 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.25 and a beta of 1.
41. The company has a quick ratio of 1.42, a current ratio of 1.
88 and a debt-to-equity ratio of 0.88. Avient ( NYSE:AVNT – Get Free Report ) last posted its earnings results on Thursday, February 13th.
The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49.
Avient had a return on equity of 10.44% and a net margin of 5.23%.
As a group, research analysts expect that Avient Co. will post 2.85 EPS for the current fiscal year.
Avient Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, March 18th were issued a $0.27 dividend.
This represents a $1.08 dividend on an annualized basis and a yield of 3.21%.
The ex-dividend date of this dividend was Tuesday, March 18th. Avient’s dividend payout ratio (DPR) is 59.02%.
About Avient ( Free Report ) 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.
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