Rowlandmiller & PARTNERS.ADV Sells 270 Shares of Avient Co. (NYSE:AVNT)

Rowlandmiller & PARTNERS.ADV reduced its stake in shares of Avient Co. (NYSE:AVNT) by 9.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,475 shares of the company’s stock after selling 270 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Avient were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Venturi Wealth Management LLC bought a new position in shares of Avient during the 4th quarter valued at approximately $96,000. State of New Jersey Common Pension Fund D boosted its holdings in Avient by 3.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 42,076 shares of the company’s stock worth $1,719,000 after buying an additional 1,295 shares during the period. Rhumbline Advisers boosted its holdings in Avient by 1.1% in the 4th quarter. Rhumbline Advisers now owns 321,802 shares of the company’s stock worth $13,149,000 after buying an additional 3,451 shares during the period. Choreo LLC boosted its holdings in Avient by 4.3% in the 4th quarter. Choreo LLC now owns 5,812 shares of the company’s stock worth $237,000 after buying an additional 238 shares during the period. Finally, Trust Point Inc. boosted its holdings in Avient by 23.6% in the 4th quarter. Trust Point Inc. now owns 5,164 shares of the company’s stock worth $211,000 after buying an additional 985 shares during the period. 95.48% of the stock is owned by institutional investors.

Avient Stock Down 1.2 %

Shares of NYSE:AVNT opened at $43.45 on Monday. The firm has a fifty day moving average price of $41.97 and a two-hundred day moving average price of $46.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.88 and a quick ratio of 1.42. Avient Co. has a one year low of $37.63 and a one year high of $54.68. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.26 and a beta of 1.51.

Avient (NYSE:AVNT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Avient had a net margin of 5.23% and a return on equity of 10.44%. Analysts anticipate that Avient Co. will post 2.85 EPS for the current fiscal year.

Avient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, March 18th. Avient’s dividend payout ratio (DPR) is currently 59.02%.

Analyst Ratings Changes

Several research analysts recently commented on AVNT shares. Seaport Res Ptn raised shares of Avient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on shares of Avient from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Avient from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $54.00.

Avient Profile

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.