Louisiana State Employees Retirement System Takes Position in Avient Corporation $AVNT

Louisiana State Employees Retirement System bought a new position in Avient Corporation (NYSE:AVNT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,500 shares of the company’s stock, valued at approximately $962,000.

A number of other hedge funds also recently modified their holdings of the business. TD Private Client Wealth LLC boosted its stake in Avient by 342.3% in the 4th quarter. TD Private Client Wealth LLC now owns 942 shares of the company’s stock worth $29,000 after purchasing an additional 729 shares during the period. Torren Management LLC acquired a new position in Avient in the 4th quarter valued at $39,000. Danske Bank A S bought a new position in shares of Avient during the third quarter worth approximately $40,000. Quarry LP increased its stake in Avient by 83.1% during the 3rd quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $41,000 after acquiring an additional 560 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Avient during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 95.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Avient Price Performance

Shares of AVNT opened at $37.29 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average is $35.98 and its 200 day moving average is $36.18. The stock has a market cap of $3.42 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.17 and a beta of 1.27. Avient Corporation has a 12-month low of $27.48 and a 12-month high of $44.85.

Avient (NYSE:AVNT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $846.35 million. During the same period last year, the business earned $0.76 EPS. The business’s revenue 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. Sell-side analysts anticipate that Avient Corporation will post 3.08 earnings per share for the current fiscal year.

Avient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.10 annualized dividend and a dividend yield of 2.9%. Avient’s dividend payout ratio (DPR) is currently 63.95%.

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.