Avient Co. (NYSE:AVNT) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in shares of Avient Co. (NYSE:AVNT) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,543 shares of the company’s stock after selling 3,660 shares during the quarter. Hantz Financial Services Inc.’s holdings in Avient were worth $2,392,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. increased its position in shares of Avient by 81.6% during the 3rd quarter. UMB Bank n.a. now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 298 shares during the period. Signaturefd LLC boosted its holdings in Avient by 58.7% during the third quarter. Signaturefd LLC now owns 865 shares of the company’s stock worth $44,000 after buying an additional 320 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Avient by 44.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the company’s stock valued at $50,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Avient by 35.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,098 shares of the company’s stock valued at $55,000 after acquiring an additional 287 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Avient during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 95.48% of the company’s stock.

Avient Price Performance

Shares of NYSE:AVNT opened at $43.90 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.21. The stock has a market capitalization of $4.01 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.06 and a beta of 1.52. The business has a 50-day moving average of $44.43 and a two-hundred day moving average of $46.54. Avient Co. has a fifty-two week low of $35.58 and a fifty-two week high of $54.68.

Avient (NYSE:AVNT) last announced its earnings results on Thursday, October 31st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Avient had a return on equity of 10.56% and a net margin of 4.66%. The firm had revenue of $815.20 million during the quarter, compared to analysts’ expectations of $797.50 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts predict that Avient Co. will post 2.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn lowered shares of Avient from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Wells Fargo & Company upped their target price on Avient from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Oppenheimer increased their price target on shares of Avient from $53.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.50.

Insider Activity

In other Avient news, SVP Joel R. Rathbun sold 5,762 shares of Avient stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $51.45, for a total value of $296,454.90. The sale was disclosed in a filing with the SEC, which is available through this link. 1.88% of the stock is currently owned by company insiders.

About Avient

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.