Avient Corporation $AVNT Stock Position Reduced by ProShare Advisors LLC

by · The Cerbat Gem

ProShare Advisors LLC reduced its holdings in Avient Corporation (NYSE:AVNT – Free Report) by 16.7% during the 3rd quarter, Holdings Channel reports. The fund owned 739,579 shares of the company’s stock after selling 148,219 shares during the period. ProShare Advisors LLC’s holdings in Avient were worth $29,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AVNT. Abel Hall LLC raised its holdings in shares of Avient by 2.2% during the third quarter. Abel Hall LLC now owns 12,075 shares of the company’s stock worth $486,000 after purchasing an additional 264 shares during the last quarter. Allworth Financial LP grew its position in Avient by 18.1% during the 2nd quarter. Allworth Financial LP now owns 1,798 shares of the company’s stock worth $66,000 after purchasing an additional 275 shares during the period. Cetera Investment Advisers grew its position in Avient by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 11,748 shares of the company’s stock worth $426,000 after purchasing an additional 346 shares during the period. State of Michigan Retirement System grew its position in Avient by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 22,024 shares of the company’s stock worth $799,000 after purchasing an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Avient by 51.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,241 shares of the company’s stock valued at $45,000 after buying an additional 424 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Price Performance

Shares of AVNT stock opened at $42.76 on Monday. The company has a market capitalization of $3.92 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.90 and a quick ratio of 1.35. The firm’s 50-day moving average is $41.54 and its two-hundred day moving average is $38.48. Avient Corporation has a 12 month low of $27.48 and a 12 month high of $46.64.

Avient (NYSE:AVNT – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The firm had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $898.53 million. Avient had a return on equity of 11.64% and a net margin of 5.10%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. Analysts predict that Avient Corporation will post 3.20 earnings per share for the current year.

Avient Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Friday, December 11th will be paid a $0.2825 dividend. This is a positive change from Avient’s previous quarterly dividend of $0.2750. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 2.6%. Avient’s payout ratio is presently 59.46%.

Analyst Ratings Changes

Several research analysts recently weighed in on AVNT shares. Zacks Research upgraded Avient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Wall Street Zen lowered Avient from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Seaport Research Partners reaffirmed a “buy” rating and set a $54.00 price objective on shares of Avient in a research note on Friday, August 7th. Weiss Ratings raised shares of Avient from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Finally, Barclays started coverage on shares of Avient in a research note on Monday, October 12th. They issued an “equal weight” rating and a $44.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Avient presently has an average rating of “Moderate Buy” and a consensus target price of $46.38.

Check Out Our Latest Stock Report on Avient

About Avient

(Free Report)

Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials. The company develops, formulates and manufactures engineered materials, colorants, additives and performance-enhancing solutions used to improve the appearance, durability, processing and functionality of plastic products.

Its offerings include specialty polymer formulations, thermoplastic compounds, color and additive concentrates, advanced composites, barrier technologies and recycled or bio-based material solutions.

Further Reading

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