F M Investments LLC Sells 162,461 Shares of Avient Co. (NYSE:AVNT)

F M Investments LLC decreased its position in Avient Co. (NYSE:AVNT - Free Report) by 64.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 91,538 shares of the company's stock after selling 162,461 shares during the period. F M Investments LLC owned about 0.10% of Avient worth $3,740,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AVNT. JPMorgan Chase & Co. boosted its holdings in Avient by 22.4% during the third quarter. JPMorgan Chase & Co. now owns 608,621 shares of the company's stock worth $30,626,000 after purchasing an additional 111,489 shares during the last quarter. FMR LLC boosted its stake in shares of Avient by 288.0% during the 3rd quarter. FMR LLC now owns 26,138 shares of the company's stock worth $1,315,000 after buying an additional 19,401 shares during the last quarter. State Street Corp grew its holdings in shares of Avient by 3.0% in the 3rd quarter. State Street Corp now owns 4,231,720 shares of the company's stock valued at $213,977,000 after acquiring an additional 121,349 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Avient by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,174,292 shares of the company's stock valued at $109,431,000 after acquiring an additional 43,249 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Avient during the third quarter worth about $304,000. Institutional investors and hedge funds own 95.48% of the company's stock.

Analyst Ratings Changes

AVNT has been the topic of several recent analyst reports. Baird R W raised Avient to a "hold" rating in a research report on Friday, March 14th. Wells Fargo & Company dropped their price target on shares of Avient from $55.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Seaport Res Ptn raised shares of Avient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, Robert W. Baird began coverage on Avient in a report on Friday, March 14th. They set a "neutral" rating and a $43.00 target price on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Avient currently has an average rating of "Moderate Buy" and an average price target of $48.60.

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Avient Stock Performance

NYSE:AVNT traded down $0.11 during mid-day trading on Tuesday, hitting $31.65. 665,930 shares of the stock were exchanged, compared to its average volume of 547,366. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.88. The firm's 50-day simple moving average is $39.06 and its 200 day simple moving average is $43.88. Avient Co. has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41.

Avient (NYSE:AVNT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Avient had a net margin of 5.23% and a return on equity of 10.44%. As a group, equities analysts anticipate that Avient Co. will post 2.85 EPS for the current fiscal year.

Avient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, March 18th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Tuesday, March 18th. Avient's dividend payout ratio (DPR) is currently 59.02%.

Avient 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.