TD Asset Management Inc Sells 904,361 Shares of Avantor, Inc. $AVTR

TD Asset Management Inc trimmed its position in Avantor, Inc. (NYSE:AVTR) by 26.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,463,084 shares of the company’s stock after selling 904,361 shares during the period. TD Asset Management Inc owned about 0.36% of Avantor worth $30,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AVTR. AXQ Capital LP bought a new stake in Avantor during the third quarter valued at approximately $515,000. OneDigital Investment Advisors LLC bought a new stake in shares of Avantor during the 3rd quarter valued at $277,000. Brickwood Asset Management LLP purchased a new stake in shares of Avantor in the 3rd quarter worth $568,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Avantor in the 3rd quarter worth $3,678,000. Finally, CenterBook Partners LP raised its holdings in Avantor by 15.6% in the 3rd quarter. CenterBook Partners LP now owns 145,913 shares of the company’s stock worth $1,821,000 after purchasing an additional 19,744 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AVTR. Robert W. Baird set a $11.00 price target on Avantor in a research report on Thursday, February 12th. TD Cowen reiterated a “hold” rating on shares of Avantor in a research note on Thursday, February 12th. Jefferies Financial Group restated an “underperform” rating and set a $8.00 target price on shares of Avantor in a research note on Thursday, February 12th. Barclays lowered their price target on shares of Avantor from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 12th. Finally, Citigroup dropped their price target on shares of Avantor from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.83.

Insider Buying and Selling at Avantor

In other Avantor news, Director Sanjeev K. Mehra bought 350,000 shares of Avantor stock in a transaction dated Friday, December 5th. The shares were purchased at an average cost of $11.09 per share, for a total transaction of $3,881,500.00. Following the acquisition, the director directly owned 350,000 shares in the company, valued at approximately $3,881,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory L. Summe purchased 100,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of $9.40 per share, with a total value of $940,000.00. Following the acquisition, the director owned 400,000 shares in the company, valued at $3,760,000. The trade was a 33.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 500,000 shares of company stock worth $5,279,500 over the last 90 days. 1.20% of the stock is owned by insiders.

Avantor Trading Up 0.5%

Shares of AVTR opened at $9.05 on Friday. The firm has a market cap of $6.18 billion, a P/E ratio of -11.61, a price-to-earnings-growth ratio of 3.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.78 and a quick ratio of 1.18. Avantor, Inc. has a 1 year low of $8.78 and a 1 year high of $18.02. The company has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $12.01.

Avantor (NYSE:AVTR) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. Avantor had a negative net margin of 8.09% and a positive return on equity of 10.45%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Avantor has set its FY 2026 guidance at 0.770-0.830 EPS. On average, equities analysts expect that Avantor, Inc. will post 1.06 earnings per share 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.