Renaissance Technologies LLC Invests $1.80 Million in Avient Corporation $AVNT

Renaissance Technologies LLC acquired a new stake in shares of Avient Corporation (NYSE:AVNT) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 49,658 shares of the company’s stock, valued at approximately $1,803,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in Avient in the 1st quarter worth approximately $3,168,000. State of Wyoming acquired a new position in Avient during the 1st quarter valued at approximately $179,000. Cetera Investment Advisers increased its stake in Avient by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 11,748 shares of the company’s stock valued at $426,000 after purchasing an additional 346 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Avient by 45.2% in the first quarter. First Trust Advisors LP now owns 103,912 shares of the company’s stock worth $3,772,000 after buying an additional 32,354 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Avient by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,973,887 shares of the company’s stock worth $180,546,000 after buying an additional 192,788 shares during the last quarter. 95.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AVNT. Robert W. Baird set a $43.00 price objective on shares of Avient in a report on Friday, May 8th. Seaport Research Partners reaffirmed a “buy” rating and set a $54.00 price target on shares of Avient in a research report on Friday. UBS Group set a $44.00 price target on Avient in a research note on Monday, June 8th. Truist Financial increased their price objective on Avient from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avient in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.71.

Avient Stock Down 0.4%

NYSE:AVNT opened at $45.46 on Wednesday. The firm has a market capitalization of $4.17 billion, a P/E ratio of 24.57, a PEG ratio of 1.38 and a beta of 1.27. Avient Corporation has a 1-year low of $27.48 and a 1-year high of $46.64. The company’s fifty day moving average price is $37.31 and its 200-day moving average price is $37.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35.

Avient (NYSE:AVNT) last posted 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 net margin of 5.10% and a return on equity of 11.64%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. 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, equities research analysts anticipate that Avient Corporation will post 3.2 EPS for the current year.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 11th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. 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.