Avantor (NYSE:AVTR) Raised to Hold at Sanford C. Bernstein

Avantor (NYSE:AVTR) was upgraded by analysts at Sanford C. Bernstein to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on AVTR. Citigroup decreased their price target on Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Wolfe Research downgraded Avantor to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Monday, June 1st. Barclays boosted their target price on Avantor from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday. Zacks Research raised Avantor from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, UBS Group set a $8.00 price target on Avantor in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Avantor currently has a consensus rating of “Reduce” and an average target price of $10.47.

Avantor Trading Up 2.1%

Shares of NYSE:AVTR opened at $10.29 on Thursday. The stock has a market capitalization of $7.03 billion, a PE ratio of -12.71, a P/E/G ratio of 5.85 and a beta of 0.97. Avantor has a 1 year low of $7.26 and a 1 year high of $15.93. The firm has a fifty day moving average price of $8.70 and a 200 day moving average price of $9.50. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

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

Insider Activity

In other Avantor news, Director Simon Dingemans acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $8.14 per share, with a total value of $203,500.00. Following the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $203,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory T. Lucier bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $8.32 per share, with a total value of $83,200.00. Following the purchase, the director owned 60,000 shares in the company, valued at $499,200. This trade represents a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its position 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 acquiring an additional 875 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Avantor by 28.1% during 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 period. Osaic Holdings Inc. increased its position in Avantor by 60.9% during the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the period. UMB Bank n.a. raised its stake in Avantor by 17.6% during the 4th quarter. UMB Bank n.a. now owns 7,371 shares of the company’s stock valued at $84,000 after purchasing an additional 1,101 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Avantor by 119.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after purchasing an additional 1,189 shares during the last quarter. 95.08% of the stock is owned by institutional investors.

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.