Commerce Bank Takes $525,000 Position in Avient Corporation $AVNT

Commerce Bank bought a new stake in Avient Corporation (NYSE:AVNT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,218 shares of the company’s stock, valued at approximately $525,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in Avient by 342.3% during the fourth quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock worth $29,000 after buying an additional 729 shares during the period. Torren Management LLC acquired a new stake in shares of Avient in the fourth quarter valued at approximately $39,000. Danske Bank A S acquired a new stake in shares of Avient in the third quarter valued at approximately $40,000. Quarry LP grew its position in shares of Avient by 83.1% during the third quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Avient during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AVNT. Truist Financial lifted their target price on shares of Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seaport Research Partners reissued a “buy” rating and set a $54.00 price objective on shares of Avient in a research report on Friday, August 7th. UBS Group set a $44.00 price objective on shares of Avient in a research report on Monday, June 8th. Robert W. Baird set a $43.00 price objective on shares of Avient in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.71.

Avient Stock Down 1.0%

Avient stock opened at $44.34 on Friday. The stock has a 50 day moving average of $39.42 and a two-hundred day moving average of $37.81. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $46.64. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.29 and a beta of 1.27. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77.

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

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, September 11th. 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.