New York State Teachers Retirement System Has $2.59 Million Holdings in Avantor, Inc. $AVTR

New York State Teachers Retirement System decreased its holdings in Avantor, Inc. (NYSE:AVTR) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,712 shares of the company’s stock after selling 52,703 shares during the quarter. New York State Teachers Retirement System’s holdings in Avantor were worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 1,189 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in shares of Avantor in the 2nd quarter valued at about $32,000. Private Trust Co. NA increased its stake 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 buying an additional 875 shares during the period. Osaic Holdings Inc. increased its stake in shares of 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 buying an additional 1,064 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Avantor during the fourth quarter worth about $32,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Avantor Price Performance

Shares of AVTR opened at $10.54 on Friday. Avantor, Inc. has a 52-week low of $7.26 and a 52-week high of $15.93. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.76. The business’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $9.43. The firm has a market cap of $7.20 billion, a PE ratio of -13.02, a price-to-earnings-growth ratio of 5.66 and a beta of 0.94.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.58 billion for 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%.The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, equities analysts anticipate that Avantor, Inc. will post 0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AVTR shares. Evercore set a $10.50 price objective on Avantor in a research note on Monday. Royal Bank Of Canada initiated coverage on shares of Avantor in a report on Thursday, May 14th. They set a “sector perform” rating and a $9.00 price target for the company. Wall Street Zen upgraded shares of Avantor from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Wolfe Research lowered shares of Avantor to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Monday, June 1st. Finally, Sanford C. Bernstein assumed coverage on shares of Avantor in a research note on Friday, June 26th. They issued a “market perform” rating and a $10.50 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $10.62.

Insiders Place Their Bets

In related news, Director Gregory T. Lucier bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $8.32 per share, with a total value of $83,200.00. Following the completion of the purchase, the director directly owned 60,000 shares in the company, valued at $499,200. The trade was a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Simon Dingemans purchased 25,000 shares of Avantor 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 completion of the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $203,500. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.28% of the stock is owned by 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.