4 days Ago By ABMN Staff
Russell Investments Group Ltd. cut its stake in shares of Avient Co. ( NYSE:AVNT – Free Report ) by 24.
5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 106,111 shares of the company’s stock after selling 34,350 shares during the period. Russell Investments Group Ltd.
owned about 0.12% of Avient worth $4,336,000 at the end of the most recent quarter. Other large investors also recently added to or reduced their stakes in the company.
Norges Bank purchased a new stake in shares of Avient during the fourth quarter worth about $50,548,000. Victory Capital Management Inc. raised its holdings in shares of Avient by 120.
2% during the fourth quarter. Victory Capital Management Inc. now owns 1,460,481 shares of the company’s stock valued at $59,675,000 after acquiring an additional 797,112 shares during the last quarter.
Franklin Resources Inc. lifted its position in shares of Avient by 9.5% in the fourth quarter.
Franklin Resources Inc. now owns 3,185,999 shares of the company’s stock valued at $130,180,000 after acquiring an additional 276,357 shares in the last quarter. Raymond James Financial Inc.
acquired a new stake in shares of Avient in the fourth quarter worth approximately $8,344,000. Finally, JPMorgan Chase & Co. increased its position in shares of Avient by 29.
8% during the fourth quarter. JPMorgan Chase & Co. now owns 790,097 shares of the company’s stock worth $32,283,000 after purchasing an additional 181,476 shares in the last quarter.
95.48% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several research firms have recently commented on AVNT.
Wells Fargo & Company reduced their price target on shares of Avient from $55.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th.
Baird R W upgraded Avient to a “hold” rating in a report on Friday, March 14th. Seaport Res Ptn raised shares of Avient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Robert W.
Baird started coverage on shares of Avient in a report on Friday, March 14th. They set a “neutral” rating and a $43.00 price target for the company.
Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Avient from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, February 14th.
Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. 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 Down 0.3 % Shares of NYSE:AVNT opened at $31.65 on Wednesday.
The company has a current ratio of 1.88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.
88. The firm has a 50 day simple moving average of $38.84 and a 200-day simple moving average of $43.
79. The company has a market capitalization of $2.90 billion, a PE ratio of 17.
30, a P/E/G ratio of 1.25 and a beta of 1.41.
Avient Co. has a twelve month low of $27.86 and a twelve month high of $54.
68. Avient ( NYSE:AVNT – Get Free Report ) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.
49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Avient had a net margin of 5.
23% and a return on equity of 10.44%. On average, equities analysts predict that Avient Co.
will post 2.85 EPS for the current fiscal year. Avient Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th.
Shareholders of record on Tuesday, March 18th were paid a $0.27 dividend. This represents a $1.
08 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Tuesday, March 18th.
Avient’s dividend payout ratio is currently 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. Further Reading Want to see what other hedge funds are holding AVNT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Avient Co. ( NYSE:AVNT – Free Report ). 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.
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