National Pension Service raised its position in Avantor, Inc. (NYSE:AVTR – Get Rating) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,230,765 shares of the company’s stock after acquiring an additional 174,004 shares during the quarter. National Pension Service owned 0.18% of Avantor worth $25,957,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in Avantor by 6.2% in the fourth quarter. Alliancebernstein L.P. now owns 510,106 shares of the company’s stock valued at $10,758,000 after acquiring an additional 29,944 shares in the last quarter. AlphaQ Advisors LLC acquired a new stake in Avantor in the fourth quarter valued at approximately $209,000. Point72 Middle East FZE acquired a new stake in shares of Avantor during the fourth quarter worth approximately $626,000. Public Employees Retirement System of Ohio grew its position in shares of Avantor by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 314,954 shares of the company’s stock worth $6,642,000 after buying an additional 3,120 shares in the last quarter. Finally, Zuckerman Investment Group LLC grew its position in shares of Avantor by 4.4% during the fourth quarter. Zuckerman Investment Group LLC now owns 494,856 shares of the company’s stock worth $10,437,000 after buying an additional 21,044 shares in the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Avantor from $27.00 to $24.00 in a research report on Monday, May 1st. Barclays decreased their price target on shares of Avantor from $25.00 to $22.00 in a research report on Monday, May 1st. 888 reissued a “maintains” rating on shares of Avantor in a research report on Monday, May 1st. Finally, Bank of America decreased their price target on shares of Avantor from $30.00 to $27.00 in a research report on Sunday, April 30th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Avantor has an average rating of “Moderate Buy” and a consensus price target of $28.75.
Insider Activity at Avantor
In related news, EVP Christophe Couturier sold 1,498 shares of Avantor stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $21.18, for a total transaction of $31,727.64. Following the sale, the executive vice president now directly owns 98,650 shares in the company, valued at $2,089,407. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.
Avantor Stock Performance
AVTR stock opened at $19.95 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.03 and a current ratio of 1.57. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.87 and a beta of 1.33. Avantor, Inc. has a 1 year low of $17.91 and a 1 year high of $32.76. The stock’s fifty day moving average is $20.25 and its two-hundred day moving average is $21.58.
Avantor (NYSE:AVTR – Get Rating) last posted its earnings results on Friday, April 28th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Avantor had a return on equity of 18.81% and a net margin of 8.41%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, research analysts predict that Avantor, Inc. will post 1.29 EPS for the current year.
Avantor Company Profile
Avantor, Inc engages in providing mission critical products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. It sells materials, equipment, instrumentation, and offers specialty procurement. The firm operates through the following segments: the Americas, Europe, and AMEA.
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