Avantor, Inc. $AVTR Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Avantor, Inc. (NYSE:AVTR) by 74.2% in the 4th quarter, HoldingsChannel reports. The firm owned 168,600 shares of the company’s stock after purchasing an additional 71,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Avantor were worth $1,932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dodge & Cox increased its stake in shares of Avantor by 0.3% during the 3rd quarter. Dodge & Cox now owns 117,746,888 shares of the company’s stock valued at $1,469,481,000 after acquiring an additional 313,404 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Avantor by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 65,988,977 shares of the company’s stock valued at $823,542,000 after acquiring an additional 1,135,279 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Avantor by 10.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 34,548,129 shares of the company’s stock valued at $431,161,000 after acquiring an additional 3,356,861 shares during the last quarter. Greenhaven Associates Inc. increased its stake in shares of Avantor by 12.0% during the 4th quarter. Greenhaven Associates Inc. now owns 20,500,653 shares of the company’s stock valued at $234,937,000 after acquiring an additional 2,189,083 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Avantor by 0.8% during the 3rd quarter. Invesco Ltd. now owns 16,053,368 shares of the company’s stock valued at $200,346,000 after acquiring an additional 119,508 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AVTR. Jefferies Financial Group reaffirmed an “underperform” rating and set a $8.00 price objective on shares of Avantor in a research note on Thursday, February 12th. Morgan Stanley set a $10.00 price objective on shares of Avantor in a research note on Friday, February 13th. UBS Group reaffirmed a “neutral” rating and set a $10.50 price objective on shares of Avantor in a research note on Thursday, February 12th. Evercore set a $10.00 price objective on shares of Avantor in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $11.00 price objective on shares of Avantor in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Avantor has a consensus rating of “Hold” and a consensus price target of $10.82.

Insiders Place Their Bets

In related news, Director Sanjeev K. Mehra purchased 125,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $8.01 per share, for a total transaction of $1,001,250.00. Following the acquisition, the director directly owned 475,000 shares in the company, valued at $3,804,750. The trade was a 35.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Simon Dingemans purchased 25,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $8.14 per share, with a total value of $203,500.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $203,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 210,000 shares of company stock worth $1,745,950 in the last 90 days. 0.28% of the stock is owned by company insiders.

Avantor Stock Down 3.8%

NYSE AVTR opened at $7.64 on Friday. The stock has a market cap of $5.21 billion, a PE ratio of -9.43, a P/E/G ratio of 4.63 and a beta of 0.94. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93. The business has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $10.04. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.Avantor’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. As a group, sell-side analysts predict that Avantor, Inc. will post 0.79 EPS for the current fiscal 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.