Allspring Global Investments Holdings LLC Sells 52,985 Shares of Avient Corporation $AVNT

Allspring Global Investments Holdings LLC lowered its position in Avient Corporation (NYSE:AVNT) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,432,237 shares of the company’s stock after selling 52,985 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Avient were worth $108,836,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Channing Capital Management LLC grew its holdings in Avient by 19.1% during the 3rd quarter. Channing Capital Management LLC now owns 2,095,821 shares of the company’s stock worth $69,057,000 after acquiring an additional 335,670 shares during the last quarter. EDENTREE ASSET MANAGEMENT Ltd raised its stake in shares of Avient by 26.6% during the third quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 319,760 shares of the company’s stock valued at $10,536,000 after acquiring an additional 67,200 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Avient by 7.0% during the third quarter. New York State Common Retirement Fund now owns 1,084,382 shares of the company’s stock valued at $35,730,000 after acquiring an additional 71,354 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Avient by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 868,083 shares of the company’s stock worth $28,603,000 after purchasing an additional 42,118 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Avient by 8.2% during the third quarter. Victory Capital Management Inc. now owns 1,591,723 shares of the company’s stock worth $52,447,000 after purchasing an additional 121,272 shares during the period. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Price Performance

Shares of NYSE AVNT opened at $36.31 on Wednesday. The company has a market capitalization of $3.33 billion, a PE ratio of 40.79, a P/E/G ratio of 1.08 and a beta of 1.40. The company has a quick ratio of 1.22, a current ratio of 1.66 and a debt-to-equity ratio of 0.81. Avient Corporation has a twelve month low of $27.48 and a twelve month high of $44.85. The firm has a fifty day simple moving average of $37.96 and a 200 day simple moving average of $33.99.

Avient (NYSE:AVNT) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Avient had a net margin of 2.51% and a return on equity of 10.95%. The business had revenue of $760.60 million for the quarter, compared to analysts’ expectations of $750.19 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Avient has set its Q1 2026 guidance at 0.810-0.810 EPS and its FY 2026 guidance at 2.930-3.170 EPS. On average, sell-side analysts forecast that Avient Corporation will post 2.85 EPS for the current year.

Avient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Tuesday, March 17th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.10 annualized dividend and a yield of 3.0%. Avient’s dividend payout ratio (DPR) is currently 123.60%.

Analyst Ratings Changes

A number of research firms recently weighed in on AVNT. Zacks Research upgraded Avient from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Oppenheimer lifted their target price on Avient from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Robert W. Baird set a $46.00 price target on Avient in a research report on Friday, February 13th. Wall Street Zen raised Avient from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Morgan Stanley set a $45.00 price objective on Avient in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.00.

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.