Avient (AVNT)

• Market cap: $3.79B
• 1 day: -0.46%
• 5 days: -12.67%
• 1 month: -16.70%
• 3 months: -13.72%
• 6 months: -4.95%
• Year to date: 0.92%
• 1 year: 4.46%
• 5 years: 12.01%
• 10 years: 9.24%
• Sector: Materials
• Industry: Plastic Materials, Synthetic Resins & Nonvulcan Elastomers

About: Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in two segments: Color, Additives and Inks, and Specialty Engineered Materials. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States.

Employees: 9,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

68% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 28

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

14% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 105

11% more capital invested

Capital invested by funds: $3.95B [Q2] → $4.38B (+$436M) [Q3]

6% more funds holding

Funds holding: 303 [Q2] → 322 (+19) [Q3]

3.73% less ownership

Funds ownership: 99.33% [Q2] → 95.59% (-3.73%) [Q3]

48% less call options, than puts

Call options by funds: $961K | Put options by funds: $1.86M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $58 40% upside
• Avg. target: $59 41% upside
• High target: $59 42% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Wells Fargo Michael Sison 11% 1-year accuracy 4 / 38 met price target	42% upside $59	Overweight Maintained	5 Dec 2024
Oppenheimer Kristen Owen 42% 1-year accuracy 13 / 31 met price target	40% upside $58	Outperform Maintained	14 Oct 2024