TimesSquare Capital Management LLC Decreases Stake in Avient Co. by 15.6% in Q3

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Avient Corporation ($NYSE:AVNT), formerly known as PolyOne Corporation, is a leading global provider of specialized polymer materials and services. The company offers a diverse range of products, including thermoplastic compounds, color and additive masterbatches, specialty polymers, and composite materials. The decrease in TimesSquare Capital’s stake in Avient Co. is significant and raises questions about the investment firm’s outlook on the company’s performance and potential. While the reasons behind the decrease in holding are unknown, it could suggest a lack of confidence in Avient’s future prospects or a shift in investment strategy by TimesSquare Capital. This could be a contributing factor to TimesSquare Capital’s decision to reduce its stake in the company.

It is worth noting that TimesSquare Capital is not the only institutional investor to have decreased its holding in Avient Co. during the third quarter. It will be interesting to see how this change in investment strategy will affect Avient’s stock performance in the coming months and what it could mean for the company’s future growth. As always, investors should continue to monitor any further developments from Avient and pay close attention to the company’s financial results and market conditions.

Analysis

As a financial analyst, I have thoroughly analyzed the financials of AVIENT CORPORATION and have come to the following conclusions: Firstly, based on Star Chart analysis, AVIENT CORPORATION is considered strong in dividend, asset, and medium in profitability. This means that the company has a solid track record of paying out dividends to its investors and has a strong asset base. However, its profitability is considered only average, which could be an area of improvement for the company. Furthermore, AVIENT CORPORATION falls under the ‘cow’ category of companies, which means that it has a consistent and sustainable history of paying out dividends. This could be attractive to investors who are looking for a steady stream of income from their investments. In terms of potential investors, AVIENT CORPORATION may appeal to those who prioritize receiving dividends and have a lower risk appetite. This could include retired individuals who are looking for a source of passive income or conservative investors who prefer stability over high-risk investments. It is also worth noting that AVIENT CORPORATION has a high health score of 8/10. This means that the company’s cash flows and debt levels are favorable, and it is capable of sustaining its operations even during times of crisis. This should provide reassurance to potential investors about the company’s ability to weather economic downturns. Overall, AVIENT CORPORATION appears to be a stable and reliable company with a strong record of paying dividends. Its financial health and track record make it an attractive option for investors looking for consistent returns and lower risk. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Avient Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Avient Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Avient Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Avient Corporation are shown below. More…

Peers

The market for color concentrates is highly competitive with several large companies vying for market share. Avient Corporation, Toyo Ink SC Holdings Co Ltd, Inabata & Co Ltd, and Yuan Jen Enterprises Co Ltd are all major players in the industry. While each company has its own strengths and weaknesses, they all compete fiercely for business.

– Toyo Ink SC Holdings Co Ltd ($TSE:4634)

With a market cap of 100.51B as of 2022, Toyo Ink SC Holdings Co Ltd has a Return on Equity of 4.78%. The company is a leading manufacturer of inks, pigments, and other related products for a wide range of industries. Its products are used in everything from packaging and printing to electronics and automotive applications. The company has a strong presence in Asia, North America, and Europe, and is continually expanding its operations to meet the growing demand for its products.

– Inabata & Co Ltd ($TSE:8098)

Inabata & Co Ltd is one of the leading global trading companies with a market cap of 136.72B as of 2022. The company has a Return on Equity of 9.53%. Inabata & Co Ltd is engaged in the import and export of a wide range of products, including chemicals, plastics, metals, and food products. The company has a strong presence in Japan, Asia, and the Americas. Inabata & Co Ltd has a long history of successful operation and is a trusted partner for many global companies.

– Yuan Jen Enterprises Co Ltd ($TWSE:1725)

Yuan Jen Enterprises Co Ltd is a company that manufactures and sells electronic products. The company has a market cap of 3.33B as of 2022 and a return on equity of 4.92%. The company’s products include mobile phones, digital cameras, and other electronic products.

Summary

TimesSquare Capital Management LLC, a leading investment management firm, recently decreased its stake in Avient Co. by 15.6% during the third quarter. This move is significant and indicates a decrease in confidence in the company’s performance. It could suggest that TimesSquare believes the stock’s value may decline in the near future. This analysis is important for investors to consider when making decisions about their own portfolios.

It may also be a signal for other industry analysts to take a closer look at Avient Co. and its financial health. Overall, this reduction in position by TimesSquare is noteworthy and could impact the stock’s performance moving forward.