Massachusetts Financial Services Co. MA Increases Position in Avient Corporation $AVNT

Massachusetts Financial Services Co. MA grew its position in shares of Avient Corporation (NYSE:AVNT) by 27.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,729,925 shares of the company’s stock after purchasing an additional 376,667 shares during the period. Massachusetts Financial Services Co. MA owned about 1.89% of Avient worth $57,001,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Avient in the second quarter worth $37,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Avient in the 2nd quarter valued at about $45,000. Signaturefd LLC boosted its holdings in Avient by 39.1% during the 2nd quarter. Signaturefd LLC now owns 1,630 shares of the company’s stock valued at $53,000 after acquiring an additional 458 shares during the period. Armstrong Advisory Group Inc. bought a new position in Avient during the 2nd quarter worth approximately $53,000. Finally, UMB Bank n.a. grew its position in Avient by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 1,895 shares of the company’s stock worth $61,000 after acquiring an additional 769 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVNT has been the topic of a number of analyst reports. Oppenheimer boosted their price objective on shares of Avient from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Research raised Avient from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. KeyCorp boosted their price target on Avient from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Avient in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avient presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Avient Price Performance

AVNT stock opened at $36.85 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.47 and a current ratio of 2.03. The firm has a 50 day moving average price of $31.52 and a 200-day moving average price of $32.96. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $44.78. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.19 and a beta of 1.44.

Avient (NYSE:AVNT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $806.50 million during the quarter, compared to the consensus estimate of $823.57 million. Avient had a return on equity of 10.75% and a net margin of 3.49%.The company’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. Equities research analysts forecast that Avient Corporation will post 2.85 EPS for the current fiscal year.

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.