Allspring Global Investments Holdings LLC Sells 450,427 Shares of Avient Corporation $AVNT

Allspring Global Investments Holdings LLC lessened its stake in shares of Avient Corporation (NYSE:AVNT) by 13.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,981,810 shares of the company’s stock after selling 450,427 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Avient were worth $108,538,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Avient Trading Down 2.9%

NYSE AVNT opened at $36.96 on Friday. Avient Corporation has a 1 year low of $27.48 and a 1 year high of $44.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.77 and a quick ratio of 1.29. The company has a market capitalization of $3.39 billion, a PE ratio of 21.49, a P/E/G ratio of 1.19 and a beta of 1.27. The company has a fifty day moving average of $35.91 and a 200 day moving average of $36.54.

Avient (NYSE:AVNT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $847.40 million for the quarter, compared to analysts’ expectations of $846.35 million. Avient had a net margin of 4.81% and a return on equity of 11.11%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. Research analysts forecast that Avient Corporation will post 3.08 earnings per share for the current year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 11th will be issued a $0.275 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.10 dividend on an annualized basis and a yield of 3.0%. Avient’s dividend payout ratio (DPR) is presently 63.95%.

Avient 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.