AvientAVNT
AVNT
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
88% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 25
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: $3.97B [Q2] → $4.41B (+$445M) [Q3]
6% more funds holding
Funds holding: 303 [Q2] → 322 (+19) [Q3]
3.61% less ownership
Funds ownership: 99.87% [Q2] → 96.26% (-3.61%) [Q3]
48% less call options, than puts
Call options by funds: $961K | Put options by funds: $1.86M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$59
39%
upside
Avg. target
$59
39%
upside
High target
$59
39%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Michael Sison 10% 1-year accuracy 4 / 40 met price target | 39%upside $59 | Overweight Maintained | 5 Dec 2024 |
Financial journalist opinion
Neutral
PRNewsWire
6 days ago
Avient To Hold Fourth Quarter 2024 Conference Call
CLEVELAND , Jan. 14, 2025 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), an innovator of materials solutions, intends to release its fourth quarter 2024 earnings before the market opens on Thursday, February 13, 2025. The company will then host a webcast with a slide presentation at 8:00 a.m.
Positive
Seeking Alpha
1 week ago
3 Ideal Buys From 51 'Safer' Dividends In 100 January Barron's Sustainable Dogs
Calvert Research and Management's annual review identified the top 100 sustainable companies based on over 230 ESG performance indicators, including workplace diversity and greenhouse-gas emissions. Eight dividend-paying sustainable companies offer annual dividends from a $1K investment exceeding their single share prices, signaling potential buy opportunities. Analysts forecast net gains of 27.62% to 59.85% for top ESG companies by January 2026, with Regions Financial leading at an estimated 59.84%.
Positive
Seeking Alpha
1 month ago
17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.
Positive
Seeking Alpha
2 months ago
Avient: Specialization Strategy Is Growing Margins And Driving The Bottom-Line Growth
AVNT's gross profit margins have improved by over 70% in the last decade, indicating a shift to higher-margin specialty services. The company is focused on deleveraging, with share repurchases on hold until net debt-to-EBITDA reaches 2.5x, despite recent acquisitions. AVNT announced its 14th consecutive annual dividend increase, with a 5% hike, and aims to return to a safer payout ratio by 2026.
Neutral
PRNewsWire
2 months ago
Avient Announces Registration Details for December 4th Investor Day
CLEVELAND , Nov. 4, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, will host an Investor Day for the investment community on Wednesday, December 4, 2024, beginning at 10:00 a.m. Eastern Time at the New York Stock Exchange (NYSE).
Neutral
Seeking Alpha
2 months ago
Avient Corporation (AVNT) Q3 2024 Earnings Call Transcript
Avient Corporation (NYSE:AVNT ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer & Investor Relations Ashish Khandpur - President & Chief Executive Officer Jamie Beggs - Senior Vice President & Chief Financial Officer Conference Call Participants Frank Mitsch - Fermium Research David Huang - Deutsche Bank Michael Sison - Wells Fargo Laurence Alexander - Jefferies Vincent Andrews - Morgan Stanley Kristen Owen - Oppenheimer Mike Harrison - Seaport Research Operator Good morning, ladies and gentlemen, and welcome to Avient Corporation's webcast to discuss the company's Third Quarter 2024 Results. My name is Michele, and I will be your operator for today.
Neutral
Zacks Investment Research
2 months ago
Avient (AVNT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Avient (AVNT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 months ago
Avient (AVNT) Surpasses Q3 Earnings and Revenue Estimates
Avient (AVNT) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.57 per share a year ago.
Neutral
PRNewsWire
2 months ago
Avient Announces Third Quarter 2024 Results
Third quarter sales increased 8% over the prior year quarter to $815 million supported by broad-based growth across all regions and most end markets Third quarter GAAP EPS from continuing operations of $0.41 compared to $0.06 in the prior year quarter Third quarter adjusted EPS of $0.65 exceeded guidance of $0.62 and increased 14% over prior year quarter, driven by organic revenue growth and margin expansion in both segments, as well as lower interest expense 2024 full-year adjusted EPS guidance range narrowed to $2.63 to $2.67, from prior guidance range of $2.55 to $2.70; Revised guidance reflects 11% to 13% growth in adjusted EPS over the prior year Increased dividend 5% to $1.08, on an annualized basis, representing the fourteenth consecutive annual increase CLEVELAND , Oct. 31, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, today announced its third quarter 2024 results. The company reported third quarter sales of $815.2 million compared to $753.7 million in the prior year quarter.
Positive
Zacks Investment Research
2 months ago
Why Avient (AVNT) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
Charts implemented using Lightweight Charts™