Deutsche Bank AG Sells 51,597 Shares of Avantor, Inc. (NYSE:AVTR)

Deutsche Bank AG trimmed its stake in Avantor, Inc. (NYSE:AVTR) by 3.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,545,592 shares of the company’s stock after selling 51,597 shares during the period. Deutsche Bank AG’s holdings in Avantor were worth $32,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB lifted its position in Avantor by 99.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after buying an additional 625 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Avantor by 106.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $34,000 after acquiring an additional 830 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock worth $52,000 after acquiring an additional 1,067 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Avantor by 56.3% during the 4th quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock worth $63,000 after purchasing an additional 1,074 shares during the period. Finally, AlphaQuest LLC bought a new position in Avantor during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analyst Upgrades and Downgrades

AVTR has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on shares of Avantor from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Barclays reduced their price target on Avantor from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. UBS Group restated a “neutral” rating and set a $25.00 price objective (down previously from $29.00) on shares of Avantor in a report on Friday, January 17th. The Goldman Sachs Group lowered shares of Avantor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $14.00 in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus downgraded shares of Avantor from a “buy” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $14.00 in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.88.

Avantor Stock Performance

Shares of Avantor stock opened at $13.31 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $15.01 and its 200-day moving average price is $18.79. The firm has a market cap of $9.07 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.55 and a beta of 1.09. Avantor, Inc. has a 12 month low of $11.82 and a 12 month high of $28.00.

Avantor (NYSE:AVTR) last posted its earnings results on Friday, April 25th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Avantor had a net margin of 10.49% and a return on equity of 12.17%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Steven W. Eck sold 4,907 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the transaction, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. The trade was a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Bramwell sold 3,758 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $65,877.74. Following the sale, the executive vice president now owns 87,379 shares of the company’s stock, valued at $1,531,753.87. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Avantor Company Profile

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.