Cetera Trust Company N.A Makes New Investment in Avient Co. (NYSE:AVNT)

Cetera Trust Company N.A bought a new position in Avient Co. (NYSE:AVNTFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,585 shares of the company’s stock, valued at approximately $191,000.

A number of other institutional investors have also recently added to or reduced their stakes in AVNT. Raymond James & Associates lifted its position in shares of Avient by 22.7% during the 1st quarter. Raymond James & Associates now owns 29,947 shares of the company’s stock valued at $1,437,000 after acquiring an additional 5,546 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Avient by 2.2% during the 1st quarter. American Century Companies Inc. now owns 10,341 shares of the company’s stock valued at $496,000 after acquiring an additional 221 shares during the last quarter. US Bancorp DE lifted its position in shares of Avient by 3.5% during the 1st quarter. US Bancorp DE now owns 8,862 shares of the company’s stock valued at $425,000 after acquiring an additional 297 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Avient during the 1st quarter valued at $110,000. Finally, Bank of Montreal Can lifted its position in shares of Avient by 9.4% during the 1st quarter. Bank of Montreal Can now owns 15,146 shares of the company’s stock valued at $748,000 after acquiring an additional 1,296 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.

Avient Price Performance

Shares of NYSE:AVNT opened at $42.52 on Monday. The company’s fifty day moving average is $41.02 and its two-hundred day moving average is $37.64. The company has a quick ratio of 1.37, a current ratio of 1.82 and a debt-to-equity ratio of 0.89. Avient Co. has a 12-month low of $27.73 and a 12-month high of $43.97. The company has a market cap of $3.88 billion, a P/E ratio of 51.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.53.

Avient (NYSE:AVNTGet Free Report) last announced its earnings results 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. Avient had a net margin of 2.41% and a return on equity of 9.26%. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $711.87 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was down 9.0% on a year-over-year basis. Equities analysts expect that Avient Co. will post 2.55 earnings per share for the current fiscal year.

Avient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, March 19th were paid a $0.257 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Monday, March 18th. Avient’s dividend payout ratio (DPR) is presently 124.10%.

Wall Street Analysts Forecast Growth

AVNT has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Avient from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Oppenheimer increased their price objective on Avient from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday.

Read Our Latest Analysis on Avient

Avient Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Avient (NYSE:AVNT)

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