Cullen Capital Management LLC Acquires New Holdings in Avient Corporation $AVNT

Cullen Capital Management LLC bought a new stake in Avient Corporation (NYSE:AVNT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 27,416 shares of the company’s stock, valued at approximately $1,013,000.

Several other hedge funds also recently bought and sold shares of AVNT. TD Private Client Wealth LLC increased its position in shares of Avient by 342.3% during the fourth quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock valued at $29,000 after acquiring an additional 729 shares during the last quarter. Torren Management LLC acquired a new position in shares of Avient in the 4th quarter worth approximately $39,000. Danske Bank A S acquired a new position in shares of Avient in the 3rd quarter worth approximately $40,000. Quarry LP boosted its position in shares of Avient by 83.1% during the 3rd quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after purchasing an additional 560 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Avient during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AVNT. Seaport Research Partners reissued a “buy” rating and issued a $54.00 target price on shares of Avient in a research report on Friday, August 7th. Weiss Ratings upgraded Avient from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Truist Financial boosted their price objective on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Robert W. Baird set a $43.00 target price on Avient in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.71.

Avient Trading Down 0.4%

Shares of AVNT stock opened at $44.47 on Tuesday. 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 stock has a market capitalization of $4.08 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. The company has a 50 day moving average price of $38.99 and a 200 day moving average price of $37.68. Avient Corporation has a fifty-two week low of $27.48 and a fifty-two week high of $46.64.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $917.00 million for 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%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. 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 research analysts predict that Avient Corporation will post 3.2 EPS for the current fiscal year.

Avient Announces Dividend

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

About Avient

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.