The Manufacturers Life Insurance Company Sells 22,591 Shares of Avient Corporation $AVNT

The Manufacturers Life Insurance Company lessened its position in shares of Avient Corporation (NYSE:AVNT) by 1.8% during the first quarter, HoldingsChannel.com reports. The fund owned 1,231,437 shares of the company’s stock after selling 22,591 shares during the period. The Manufacturers Life Insurance Company’s holdings in Avient were worth $44,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AVNT. TD Private Client Wealth LLC boosted its holdings in Avient by 342.3% in the 4th quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock valued at $29,000 after purchasing an additional 729 shares during the period. Torren Management LLC bought a new position in shares of Avient in the fourth quarter worth $39,000. Danske Bank A S bought a new position in shares of Avient in the third quarter worth $40,000. Quarry LP raised its position in shares of Avient by 83.1% in the third quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after buying an additional 560 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Avient in the fourth quarter worth $43,000. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

Avient Stock Performance

NYSE AVNT opened at $36.72 on Friday. Avient Corporation has a 52-week low of $27.48 and a 52-week high of $44.85. The company has a fifty day moving average of $36.37 and a 200-day moving average of $36.86. The company has a market capitalization of $3.37 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77.

Avient (NYSE:AVNT) last issued its earnings results on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. Avient had a return on equity of 11.11% and a net margin of 4.81%.The business had revenue of $847.40 million during the quarter, compared to analyst estimates of $846.35 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Avient’s revenue for the quarter was up 2.5% on a year-over-year basis. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. As a group, equities research analysts predict that Avient Corporation will post 3.08 EPS for the current fiscal 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 paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th. Avient’s dividend payout ratio is 63.95%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVNT. UBS Group set a $44.00 target price on Avient in a research report on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avient in a report on Wednesday, May 13th. Robert W. Baird set a $43.00 price objective on Avient in a report on Friday, May 8th. Finally, Truist Financial started coverage on shares of Avient in a research report on Monday, June 8th. They issued a “buy” rating and a $44.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.71.

Avient Company Profile

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.