Quantinno Capital Management LP Has $1.14 Million Stock Holdings in Avient Corporation $AVNT

Quantinno Capital Management LP grew its position in shares of Avient Corporation (NYSE:AVNT) by 55.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,444 shares of the company’s stock after buying an additional 11,260 shares during the period. Quantinno Capital Management LP’s holdings in Avient were worth $1,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Avient by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 10,218,398 shares of the company’s stock valued at $319,223,000 after acquiring an additional 77,246 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Avient by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company’s stock worth $180,546,000 after purchasing an additional 192,788 shares during the period. Franklin Resources Inc. raised its position in shares of Avient by 11.1% in the fourth quarter. Franklin Resources Inc. now owns 4,090,286 shares of the company’s stock valued at $127,781,000 after buying an additional 410,112 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Avient by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,283,321 shares of the company’s stock valued at $71,341,000 after buying an additional 11,801 shares during the period. Finally, Channing Capital Management LLC grew its position in Avient by 0.3% during the fourth quarter. Channing Capital Management LLC now owns 2,102,982 shares of the company’s stock worth $65,697,000 after buying an additional 7,161 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Wall Street Analysts Forecast Growth

AVNT has been the subject of several analyst reports. UBS Group set a $44.00 price objective on Avient in a report on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a research note on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Avient from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Robert W. Baird set a $43.00 target price on shares of Avient in a research report on Friday, May 8th. Finally, Truist Financial upped their price target on shares of Avient from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

Avient Price Performance

Shares of AVNT stock opened at $46.28 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $46.64. The company has a market cap of $4.25 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.33 and a beta of 1.27. The business has a fifty day simple moving average of $38.01 and a 200 day simple moving average of $37.35.

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. The firm had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%.The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts forecast that Avient Corporation will post 3.2 EPS for the current fiscal year.

Avient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. Avient’s payout ratio is 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.