Swedbank AB Invests $37.16 Million in Avient Corporation $AVNT

Swedbank AB purchased a new position in Avient Corporation (NYSE:AVNT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $37,160,000. Swedbank AB owned 1.09% of Avient as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC lifted its position in shares of Avient by 137.7% in the 1st quarter. Voya Investment Management LLC now owns 63,884 shares of the company’s stock worth $2,374,000 after purchasing an additional 37,004 shares during the period. Strs Ohio acquired a new position in shares of Avient during the 1st quarter valued at $7,804,000. Intech Investment Management LLC lifted its position in shares of Avient by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 97,359 shares of the company’s stock valued at $3,618,000 after acquiring an additional 19,223 shares during the period. Jane Street Group LLC lifted its position in shares of Avient by 26.7% during the 1st quarter. Jane Street Group LLC now owns 139,292 shares of the company’s stock valued at $5,176,000 after acquiring an additional 29,327 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Avient by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company’s stock valued at $11,073,000 after acquiring an additional 10,535 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Stock Performance

AVNT opened at $36.20 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85. The company’s fifty day moving average price is $34.96 and its two-hundred day moving average price is $35.54. Avient Corporation has a 1-year low of $27.86 and a 1-year high of $54.68. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.30 and a beta of 1.40.

Avient (NYSE:AVNT) last released its quarterly earnings data on Friday, August 1st. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. Avient had a net margin of 3.65% and a return on equity of 10.57%. The firm had revenue of $866.50 million for the quarter, compared to the consensus estimate of $852.98 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. On average, analysts expect that Avient Corporation will post 2.85 EPS for the current fiscal year.

Avient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 3.0%. Avient’s dividend payout ratio is presently 84.38%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their target price on shares of Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avient has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Avient Company Profile

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.