Avantor, Inc. (NYSE:AVTR) Receives Average Rating of “Reduce” from Analysts

Shares of Avantor, Inc. (NYSE:AVTR) have been given an average rating of “Reduce” by the sixteen brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.5667.

AVTR has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Avantor from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Royal Bank Of Canada initiated coverage on shares of Avantor in a report on Thursday, May 14th. They set a “sector perform” rating and a $9.00 price target on the stock. Wolfe Research downgraded shares of Avantor to an “underperform” rating and set a $7.00 price target on the stock. in a report on Monday, June 1st. UBS Group restated a “neutral” rating and set a $10.50 price objective on shares of Avantor in a research report on Thursday, February 12th. Finally, TD Cowen restated a “hold” rating on shares of Avantor in a research report on Thursday, February 12th.

Insider Transactions at Avantor

In other Avantor news, Director Simon Dingemans bought 25,000 shares of Avantor stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at approximately $203,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory T. Lucier acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $8.32 per share, with a total value of $83,200.00. Following the acquisition, the director directly owned 60,000 shares of the company’s stock, valued at $499,200. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Private Trust Co. NA grew its holdings in shares of Avantor by 46.2% in the fourth quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock valued at $32,000 after purchasing an additional 875 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Avantor by 28.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company’s stock worth $49,000 after acquiring an additional 905 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Avantor by 60.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after buying an additional 1,064 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Avantor by 17.6% during the 4th quarter. UMB Bank n.a. now owns 7,371 shares of the company’s stock worth $84,000 after buying an additional 1,101 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Avantor by 119.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after acquiring an additional 1,189 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Avantor Stock Up 5.8%

AVTR stock opened at $9.70 on Thursday. The firm’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $9.66. The company has a market capitalization of $6.62 billion, a P/E ratio of -11.97, a price-to-earnings-growth ratio of 5.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17. Avantor has a 12 month low of $7.26 and a 12 month high of $15.93.

Avantor (NYSE:AVTR) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. As a group, equities research analysts forecast that Avantor will post 0.79 earnings per share for the current year.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.