197,800 Shares in Avantor, Inc. $AVTR Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Avantor, Inc. (NYSE:AVTR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 197,800 shares of the company’s stock, valued at approximately $1,551,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Avantor by 119.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after buying an additional 1,189 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new position in Avantor during the second quarter worth $32,000. Private Trust Co. NA raised its position in Avantor by 46.2% in the fourth quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after acquiring an additional 875 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Avantor by 60.9% in the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock valued at $38,000 after acquiring an additional 1,064 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Avantor in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

Avantor Stock Performance

NYSE AVTR opened at $10.05 on Thursday. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of -12.41, a price-to-earnings-growth ratio of 5.74 and a beta of 0.94. The business has a fifty day moving average of $8.80 and a 200-day moving average of $9.47. 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 posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. As a group, analysts predict that Avantor, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AVTR shares. UBS Group set a $8.00 price target on shares of Avantor in a research report on Wednesday, June 24th. Wolfe Research cut Avantor to an “underperform” rating and set a $7.00 price target on the stock. in a report on Monday, June 1st. Citigroup reduced their price objective on Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Sanford C. Bernstein began coverage on Avantor in a research report on Friday, June 26th. They set a “market perform” rating and a $10.50 target price on the stock. Finally, Wall Street Zen raised Avantor from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $10.47.

Insider Transactions at Avantor

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

About Avantor

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.