Avient (NYSE:AVNT – Free Report) had its target price boosted by Oppenheimer from $45.00 to $49.00 in a research report released on Thursday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.
Separately, Wells Fargo & Company lifted their price objective on shares of Avient from $45.00 to $50.00 and gave the company an overweight rating in a research report on Thursday, April 11th.
View Our Latest Analysis on Avient
Avient Trading Up 0.5 %
Avient (NYSE:AVNT – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $711.87 million. Avient had a net margin of 2.41% and a return on equity of 9.26%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, equities analysts predict that Avient will post 2.53 earnings per share for the current fiscal year.
Avient Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 19th were given a $0.257 dividend. This represents a $1.03 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Monday, March 18th. Avient’s dividend payout ratio is presently 124.10%.
Institutional Investors Weigh In On Avient
Large investors have recently bought and sold shares of the business. Ronald Blue Trust Inc. increased its position in Avient by 139.5% in the third quarter. Ronald Blue Trust Inc. now owns 1,152 shares of the company’s stock worth $41,000 after purchasing an additional 671 shares during the last quarter. Fifth Third Bancorp increased its position in Avient by 42.8% during the fourth quarter. Fifth Third Bancorp now owns 1,001 shares of the company’s stock valued at $42,000 after acquiring an additional 300 shares during the last quarter. Belpointe Asset Management LLC increased its position in Avient by 248.2% during the first quarter. Belpointe Asset Management LLC now owns 1,062 shares of the company’s stock valued at $44,000 after acquiring an additional 757 shares during the last quarter. KBC Group NV bought a new position in Avient during the fourth quarter valued at $49,000. Finally, Covestor Ltd increased its position in Avient by 123.1% during the first quarter. Covestor Ltd now owns 1,187 shares of the company’s stock valued at $57,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 95.48% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Avient
- Airline Stocks – Top Airline Stocks to Buy Now
- Comprehensive PepsiCo Stock Analysis
- How to Buy Cheap Stocks Step by Step
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Industrial Products Stocks Investing
- 3 Steel Stocks Could Soar on New China Tariffs
Receive News & Ratings for Avient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avient and related companies with MarketBeat.com's FREE daily email newsletter.