Avient (NYSE:AVNT) Research Coverage Started at Robert W. Baird

Robert W. Baird began coverage on shares of Avient (NYSE:AVNT) in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $43.00 target price on the stock.

A number of other research analysts have also recently issued reports on AVNT. Seaport Res Ptn upgraded Avient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Avient from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on shares of Avient from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.80.

Avient Trading Up 2.1 %

AVNT stock opened at $40.33 on Friday. Avient has a one year low of $37.63 and a one year high of $54.68. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.43. The company has a fifty day moving average price of $41.93 and a two-hundred day moving average price of $45.84. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.88 and a quick ratio of 1.42.

Avient (NYSE:AVNT) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Avient had a net margin of 5.23% and a return on equity of 10.44%. Equities analysts anticipate that Avient will post 2.85 EPS for the current year.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.08 annualized dividend and a dividend yield of 2.68%. Avient’s dividend payout ratio is 59.02%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Choreo LLC lifted its position in Avient by 4.3% in the 4th quarter. Choreo LLC now owns 5,812 shares of the company’s stock valued at $237,000 after acquiring an additional 238 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Avient by 56.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 695 shares of the company’s stock valued at $28,000 after buying an additional 250 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Avient by 4.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,599 shares of the company’s stock valued at $270,000 after acquiring an additional 256 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Avient by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,551 shares of the company’s stock worth $227,000 after acquiring an additional 258 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Avient by 44.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the company’s stock worth $50,000 after purchasing an additional 310 shares during the last quarter. 95.48% of the stock is owned by institutional investors.

Avient Company Profile

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.