Great Lakes Advisors LLC Buys Shares of 129,365 Avient Corporation $AVNT

Great Lakes Advisors LLC purchased a new stake in Avient Corporation (NYSE:AVNT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 129,365 shares of the company’s stock, valued at approximately $4,781,000.

Several other institutional investors and hedge funds have also modified their holdings of AVNT. BlackRock Inc. acquired a new position in Avient during the second quarter worth about $437,002,000. Deutsche Bank AG acquired a new stake in shares of Avient in the 2nd quarter valued at approximately $3,983,000. Bank of New York Mellon Corp acquired a new stake in shares of Avient in the 2nd quarter valued at approximately $37,038,000. State of Wyoming bought a new stake in shares of Avient during the 2nd quarter valued at approximately $116,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Avient during the 2nd quarter valued at approximately $308,000. 95.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVNT has been the subject of several research reports. UBS Group set a $44.00 price objective on shares of Avient in a research note on Monday, June 8th. Robert W. Baird set a $43.00 target price on shares of Avient in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avient in a report on Friday, August 7th. Truist Financial increased their price target on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Seaport Research Partners reissued a “buy” rating and set a $54.00 price objective on shares of Avient in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.71.

Avient Trading Up 1.9%

NYSE:AVNT opened at $44.30 on Thursday. Avient Corporation has a 52 week low of $27.48 and a 52 week high of $46.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.90. The firm’s fifty day moving average is $38.57 and its 200-day moving average is $37.52. The firm has a market cap of $4.06 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.26 and a beta of 1.27.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. Avient’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Equities analysts expect that Avient Corporation will post 3.2 earnings per share for the current year.

Avient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.5%. Avient’s dividend payout ratio (DPR) is 59.46%.

Avient Company 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.