Marquard & Bahls AG Divests All Avient Corp Shares
Ticker: AVNT · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1122976
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, divestment, amendment, shareholder-change
TL;DR
**Marquard & Bahls AG just dumped all their Avient Corp shares.**
AI Summary
Marquard & Bahls AG, a German company, filed an amended SC 13G/A on February 9, 2024, indicating they no longer beneficially own any Common Shares of Avient Corporation as of December 31, 2023. This update shows a complete divestment from their previous holdings, as both their sole and shared voting power for Avient shares are now zero. This matters to investors because a significant institutional holder has exited their position, which could signal a change in their outlook on Avient's future performance or simply a portfolio rebalancing.
Why It Matters
This filing confirms Marquard & Bahls AG has sold all its shares in Avient Corporation, removing a previous institutional investor from the shareholder roster. This could impact investor sentiment and potentially stock liquidity.
Risk Assessment
Risk Level: low — The filing indicates a complete divestment by one entity, which is a clear event with no ongoing uncertainty from this specific holder.
Analyst Insight
An investor should note the complete divestment by Marquard & Bahls AG, but this alone doesn't necessarily signal a negative outlook for Avient. It's prudent to investigate the reasons for the divestment if publicly available, and to monitor other institutional ownership changes and company fundamentals.
Key Numbers
- 0 — Sole Voting Power (Marquard & Bahls AG's current sole voting power in Avient Corporation)
- 0 — Shared Voting Power (Marquard & Bahls AG's current shared voting power in Avient Corporation)
Key Players & Entities
- Marquard & Bahls AG (company) — the reporting person that filed the SC 13G/A
- Avient Corporation (company) — the issuer of the Common Shares
- Germany (place) — place of organization for Marquard & Bahls AG
- December 31, 2023 (date) — date of event which requires filing of this statement
- February 9, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Avient Corporation's stock price may experience minor downward pressure due to the exit of an institutional investor. (Avient Corporation) — low confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing by Marquard & Bahls AG?
This SC 13G/A filing is an amendment (Amendment No. 1) to a previous Schedule 13G, indicating a change in Marquard & Bahls AG's beneficial ownership of Avient Corporation's Common Shares, specifically a complete divestment as of December 31, 2023.
What is the current beneficial ownership of Avient Corporation shares by Marquard & Bahls AG, according to this filing?
As of December 31, 2023, Marquard & Bahls AG beneficially owns 0 shares with sole voting power and 0 shares with shared voting power in Avient Corporation, indicating a complete divestment.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for Avient Corporation's Common Shares mentioned in the filing?
The CUSIP number for Avient Corporation's Common Shares is 05368V106.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d) of the Securities Exchange Act of 1934.
Filing Stats: 822 words · 3 min read · ~3 pages · Grade level 8 · Accepted 2024-02-09 07:50:56
Filing Documents
- ef20020674_sc13ga.htm (SC 13G/A) — 52KB
- 0001140361-24-006558.txt ( ) — 54KB
(a)
Item 1(a). Name of Issuer: Avient Corporation
(b)
Item 1(b). Address of Issuer's Principal Executive Offices: 33587 Walker Road, Avon Lake, OH 44012
(a)
Item 2(a). Name of Person Filing: Marquard & Bahls AG
(b)
Item 2(b). Address of Principal Business Office or, if none, Residence: Koreastrasse 7, Hamburg, Germany 20457
(c)
Item 2(c). Citizenship: Germany
(d)
Item 2(d). Title of Class of Securities: Common Shares
(e)
Item 2(e). CUSIP Number: 05368V106 Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution:. Item 4. (a) Amount beneficially owned: 0 (b) Percent of class: 0.0% (c) Number of shares as to which the person has: 0 (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Not applicable. Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the