2 weeks Ago By Defense World Staff
LPL Financial LLC grew its position in shares of Avient Co. ( NYSE:AVNT – Free Report ) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 15,289 shares of the company’s stock after acquiring an additional 629 shares during the quarter. LPL Financial LLC’s holdings in Avient were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also recently made changes to their positions in AVNT.
Barclays PLC increased its position in shares of Avient by 221.7% during the third quarter. Barclays PLC now owns 173,002 shares of the company’s stock valued at $8,706,000 after acquiring an additional 119,229 shares during the last quarter.
Sanctuary Advisors LLC bought a new position in Avient in the 3rd quarter valued at $304,000. Tidal Investments LLC increased its position in shares of Avient by 15.8% during the 3rd quarter.
Tidal Investments LLC now owns 16,592 shares of the company’s stock valued at $835,000 after purchasing an additional 2,261 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Avient by 1.
2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,515,362 shares of the company’s stock valued at $76,253,000 after purchasing an additional 17,765 shares during the last quarter.
Finally, JPMorgan Chase & Co. raised its stake in shares of Avient by 22.4% during the 3rd quarter.
JPMorgan Chase & Co. now owns 608,621 shares of the company’s stock worth $30,626,000 after purchasing an additional 111,489 shares during the period. Institutional investors own 95.
48% of the company’s stock. Analyst Upgrades and Downgrades AVNT has been the subject of a number of research analyst reports. Robert W.
Baird began coverage on shares of Avient in a report on Friday, March 14th. They set a “neutral” rating and a $43.00 price objective for the company.
Deutsche Bank Aktiengesellschaft raised their price target 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.
Seaport Res Ptn upgraded Avient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Baird R W raised Avient to a “hold” rating in a research report on Friday, March 14th. Finally, Wells Fargo & Company dropped their price target on Avient from $55.
00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.60. Avient Stock Up 1.
9 % Avient stock opened at $32.71 on Thursday. The firm has a 50 day simple moving average of $37.
54 and a 200 day simple moving average of $43.09. The company has a current ratio of 1.
88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.88.
Avient Co. has a 1-year low of $27.86 and a 1-year high of $54.
68. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.
87, a P/E/G ratio of 1.25 and a beta of 1.41.
Avient ( NYSE:AVNT – Get Free Report ) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.49 earnings per share 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%. On average, analysts predict that Avient Co. will post 2.
85 earnings per share for the current year. Avient Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, March 18th were issued a $0.
27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.
30%. The ex-dividend date was Tuesday, March 18th. Avient’s payout ratio is 59.
02%. Avient Profile ( 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. Featured Articles Five stocks we like better than Avient How to Plot Fibonacci Price Inflection Levels Can IBM’s Q1 Earnings Spark a Breakout for the Stock? What Are Dividend Champions? How to Invest in the Champions S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry? Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Fundamentally Sound, These 5 Stocks Sold Off Anyway Receive News & Ratings for Avient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avient and related companies with MarketBeat.com's FREE daily email newsletter .
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