Avient’s (AVNT) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Avient (NYSE:AVNT) in a research note published on Wednesday morning,Weiss Ratings reports.

AVNT has been the topic of several other reports. Robert W. Baird lowered their price target on shares of Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. KeyCorp began coverage on shares of Avient in a report on Wednesday, September 17th. They set an “overweight” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.00.

Avient Trading Down 3.9%

NYSE AVNT opened at $30.40 on Wednesday. Avient has a twelve month low of $27.86 and a twelve month high of $54.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.10 and a beta of 1.41. The firm’s 50 day moving average price is $34.97 and its two-hundred day moving average price is $34.58.

Avient (NYSE:AVNT) last posted 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 analysts’ expectations of $852.98 million. During the same period in the previous year, the company posted $0.76 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. Equities analysts anticipate that Avient will post 2.85 EPS for the current year.

Avient Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 12th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, December 12th. This is a boost from Avient’s previous quarterly dividend of $0.27. Avient’s dividend payout ratio (DPR) is presently 84.38%.

Institutional Investors Weigh In On Avient

Several institutional investors and hedge funds have recently modified their holdings of the business. Luminus Management LLC acquired a new stake in shares of Avient in the 3rd quarter valued at $1,530,000. Osaic Holdings Inc. lifted its stake in shares of Avient by 32.0% in the 2nd quarter. Osaic Holdings Inc. now owns 5,937 shares of the company’s stock valued at $198,000 after purchasing an additional 1,440 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Avient by 13.3% in the 2nd quarter. Squarepoint Ops LLC now owns 16,248 shares of the company’s stock valued at $525,000 after purchasing an additional 1,906 shares during the last quarter. Cim Investment Management Inc. lifted its position in Avient by 100.7% during the 2nd quarter. Cim Investment Management Inc. now owns 15,833 shares of the company’s stock worth $512,000 after acquiring an additional 7,946 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Avient by 1.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 52,636 shares of the company’s stock worth $1,700,000 after acquiring an additional 518 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

About Avient

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.