AvientAVNT
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)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
50% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 30
15% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 104
11% more capital invested
Capital invested by funds: $3.95B [Q2] → $4.37B (+$421M) [Q3]
5% more funds holding
Funds holding: 303 [Q2] → 318 (+15) [Q3]
4.07% less ownership
Funds ownership: 99.33% [Q2] → 95.26% (-4.07%) [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
2 analyst ratings
Wells Fargo Michael Sison 12% 1-year accuracy 3 / 26 met price target | 10%upside $55 | Overweight Maintained | 15 Oct 2024 |
Oppenheimer Kristen Owen 39% 1-year accuracy 11 / 28 met price target | 16%upside $58 | Outperform Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 8 articles about AVNT published over the past 30 days
