Y Intercept Hong Kong Ltd Raises Position in Avient Corporation $AVNT

Y Intercept Hong Kong Ltd raised its position in shares of Avient Corporation (NYSE:AVNT) by 111.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 57,652 shares of the company’s stock after acquiring an additional 30,365 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Avient were worth $2,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Avient by 12.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,222 shares of the company’s stock worth $69,000 after acquiring an additional 251 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in Avient by 17.5% in the fourth quarter. Arcadia Investment Management Corp MI now owns 2,345 shares of the company’s stock worth $73,000 after purchasing an additional 350 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Avient by 1.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 52,636 shares of the company’s stock worth $1,700,000 after buying an additional 518 shares during the period. Quarry LP lifted its holdings in shares of Avient by 83.1% during the third quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $41,000 after purchasing an additional 560 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Avient by 5.8% during the fourth quarter. Cetera Investment Advisers now owns 11,402 shares of the company’s stock valued at $356,000 after buying an additional 626 shares during the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Avient Trading Down 6.0%

Shares of AVNT stock opened at $35.82 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.80. Avient Corporation has a 12-month low of $27.48 and a 12-month high of $44.85. The stock has a market capitalization of $3.28 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.20 and a beta of 1.27. The firm’s 50 day moving average is $36.00 and its 200 day moving average is $36.33.

Avient (NYSE:AVNT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $847.40 million for the quarter, compared to analysts’ expectations of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. Research analysts expect that Avient Corporation will post 3.08 earnings per share for the current year.

Avient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 18th will be given a $0.275 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.10 annualized dividend and a yield of 3.1%. Avient’s dividend payout ratio (DPR) is presently 63.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Truist Financial assumed coverage on Avient in a research report on Monday, June 8th. They issued a “buy” rating and a $44.00 price objective on the stock. UBS Group set a $44.00 target price on Avient in a research note on Monday, June 8th. Finally, Robert W. Baird set a $43.00 target price on Avient in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avient has an average rating of “Hold” and a consensus target price of $45.71.

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.