Avantor (NYSE:AVTR) Lowered to Hold Rating by TD Cowen

Avantor (NYSE:AVTR) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Monday,Briefing.com Automated Import reports. They presently have a $15.50 price objective on the stock. TD Cowen’s price objective indicates a potential upside of 18.18% from the company’s previous close.

AVTR has been the subject of a number of other reports. UBS Group reissued a “neutral” rating and issued a $25.00 price objective (down from $29.00) on shares of Avantor in a report on Friday, January 17th. Robert W. Baird lowered their price objective on shares of Avantor from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Avantor from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus lowered Avantor from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research note on Monday. Finally, Raymond James reaffirmed an “outperform” rating and set a $24.00 target price (down from $26.00) on shares of Avantor in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.32.

Avantor Stock Up 1.4 %

AVTR opened at $13.12 on Monday. The business’s fifty day simple moving average is $16.02 and its 200 day simple moving average is $19.72. Avantor has a 52 week low of $12.20 and a 52 week high of $28.00. The firm has a market cap of $8.94 billion, a P/E ratio of 12.55, a PEG ratio of 1.55 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities research analysts anticipate that Avantor will post 1.06 EPS for the current fiscal year.

Insider Transactions at Avantor

In other Avantor news, EVP James Bramwell sold 3,758 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $65,877.74. Following the completion of the transaction, the executive vice president now owns 87,379 shares in the company, valued at $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $86,019.71. Following the sale, the chief accounting officer now owns 40,604 shares of the company’s stock, valued at $711,788.12. This trade represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its holdings in Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after acquiring an additional 625 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Avantor by 106.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $34,000 after buying an additional 830 shares in the last quarter. Wealthquest Corp bought a new stake in Avantor in the 1st quarter valued at approximately $34,000. Global Retirement Partners LLC lifted its position in shares of Avantor by 76.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock worth $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Avantor by 56.3% in the fourth quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock valued at $63,000 after purchasing an additional 1,074 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

About Avantor

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.