Xponance Inc. Has $557,000 Position in Avient Co. (NYSE:AVNT)

Xponance Inc. raised its holdings in Avient Co. (NYSE:AVNT) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,390 shares of the company’s stock after buying an additional 335 shares during the quarter. Xponance Inc.’s holdings in Avient were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in Avient by 42.8% during the 4th quarter. Fifth Third Bancorp now owns 1,001 shares of the company’s stock valued at $42,000 after purchasing an additional 300 shares during the last quarter. NBC Securities Inc. bought a new position in Avient in the 3rd quarter valued at $136,000. Hsbc Holdings PLC acquired a new position in Avient during the 3rd quarter valued at about $204,000. Kure Advisory LLC bought a new stake in Avient in the third quarter valued at about $210,000. Finally, Mackenzie Financial Corp acquired a new position in Avient during the fourth quarter valued at approximately $234,000. 95.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Avient from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Oppenheimer upped their price objective on Avient from $45.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th.

Avient Stock Up 1.0 %

Avient stock opened at $43.22 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.82 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $41.51 and its two-hundred day moving average price is $37.92. Avient Co. has a twelve month low of $27.73 and a twelve month high of $43.97. The stock has a market cap of $3.94 billion, a P/E ratio of 52.07, a P/E/G ratio of 0.89 and a beta of 1.53.

Avient (NYSE:AVNT) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $711.87 million. Avient had a return on equity of 9.26% and a net margin of 2.41%. Avient’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, analysts expect that Avient Co. will post 2.55 EPS for the current year.

Avient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 19th were issued a $0.257 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Monday, March 18th. Avient’s dividend payout ratio (DPR) is currently 124.10%.

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.