WINTON GROUP Ltd Takes Position in Avient Corporation $AVNT

WINTON GROUP Ltd acquired a new stake in shares of Avient Corporation (NYSE:AVNT) in the second quarter, Holdings Channel.com reports. The firm acquired 19,100 shares of the company’s stock, valued at approximately $706,000.

A number of other institutional investors and hedge funds have also modified their holdings of AVNT. Integrated Wealth Concepts LLC bought a new stake in Avient in the 2nd quarter valued at $96,000. NewEdge Advisors LLC grew its position in Avient by 40.9% during the 2nd quarter. NewEdge Advisors LLC now owns 11,824 shares of the company’s stock worth $437,000 after acquiring an additional 3,430 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Avient by 18.1% in the second quarter. Allworth Financial LP now owns 1,798 shares of the company’s stock valued at $66,000 after buying an additional 275 shares during the last quarter. Nykredit A S acquired a new position in shares of Avient during the second quarter worth approximately $61,000. Finally, Corient Private Wealth LP acquired a new stake in Avient in the second quarter worth about $375,000. 95.48% of the stock is currently owned by institutional investors.

Avient Stock Down 0.6%

Shares of AVNT stock opened at $41.15 on Tuesday. The firm’s fifty day moving average price is $40.78 and its two-hundred day moving average price is $37.88. The company has a current ratio of 1.90, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $46.64. The firm has a market capitalization of $3.77 billion, a P/E ratio of 22.24, a PEG ratio of 1.20 and a beta of 1.29.

Avient (NYSE:AVNT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. On average, equities analysts predict that Avient Corporation will post 3.2 EPS for the current fiscal year.

Avient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Friday, September 11th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, September 11th. Avient’s dividend payout ratio is presently 59.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Avient from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Truist Financial increased their target price on Avient from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Seaport Research Partners reissued a “buy” rating and issued a $54.00 price target on shares of Avient in a research note on Friday, August 7th. Finally, Weiss Ratings cut Avient from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.71.

About Avient

Avient Corporation (NYSE: AVNT) is a global materials company that develops and manufactures specialized polymer products and solutions. Its offerings include engineered materials, polymer colorants and additives, composites, films, and other products designed to improve the performance, appearance, durability, and sustainability of manufactured goods.

The company serves customers across industries including transportation, healthcare, packaging, consumer goods, electronics, energy, and building and infrastructure.