Avient Corporation $AVNT Stock Holdings Boosted by Jennison Associates LLC

Jennison Associates LLC grew its position in shares of Avient Corporation (NYSE:AVNT) by 96.0% during the 1st quarter, Holdings Channel reports. The firm owned 1,411,254 shares of the company’s stock after purchasing an additional 691,316 shares during the period. Jennison Associates LLC’s holdings in Avient were worth $51,229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Avient by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 868,083 shares of the company’s stock worth $28,603,000 after acquiring an additional 42,118 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Avient by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,800,903 shares of the company’s stock valued at $56,260,000 after acquiring an additional 70,978 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Avient by 44.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,288,463 shares of the company’s stock valued at $40,252,000 after acquiring an additional 397,787 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in shares of Avient during the 4th quarter valued at about $1,895,000. Finally, M&T Bank Corp bought a new position in shares of Avient during the 4th quarter valued at about $2,350,000. Institutional investors own 95.48% of the company’s stock.

Analyst Upgrades and Downgrades

AVNT has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Robert W. Baird set a $43.00 target price on shares of Avient in a report on Friday, May 8th. UBS Group set a $44.00 price target on shares of Avient in a research report on Monday, June 8th. Finally, Truist Financial started coverage on Avient in a report on Monday, June 8th. They issued a “buy” rating and a $44.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.71.

Avient Stock Performance

AVNT stock opened at $36.96 on Monday. The firm has a 50 day simple moving average of $35.91 and a 200 day simple moving average of $36.57. The stock has a market cap of $3.39 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.16 and a beta of 1.27. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $44.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77.

Avient (NYSE:AVNT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. Avient had a net margin of 4.81% and a return on equity of 11.11%. The business had revenue of $847.40 million for the quarter, compared to analysts’ expectations of $846.35 million. During the same period in the previous year, the company posted $0.76 EPS. Avient’s revenue was up 2.5% on a year-over-year basis. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. Research analysts anticipate that Avient Corporation will post 3.08 earnings per share for the current fiscal year.

Avient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be paid a $0.275 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 3.0%. Avient’s payout ratio is 63.95%.

Avient Profile

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.

Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.