Avantor Target of Unusually High Options Trading (NYSE:AVTR)

Avantor, Inc. (NYSE:AVTRGet Free Report) was the recipient of unusually large options trading on Thursday. Traders acquired 77,023 put options on the stock. This represents an increase of 1,787% compared to the typical daily volume of 4,081 put options.

Insiders Place Their Bets

In other Avantor news, Director Simon Dingemans bought 25,000 shares of Avantor stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $203,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory T. Lucier purchased 50,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of $9.16 per share, for a total transaction of $458,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately $458,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 210,000 shares of company stock worth $1,745,950. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Avantor

Several hedge funds and other institutional investors have recently made changes to their positions in AVTR. Wellington Management Group LLP bought a new stake in Avantor during the fourth quarter worth $268,584,000. Greenhaven Associates Inc. acquired a new position in shares of Avantor during the 3rd quarter worth about $228,528,000. London Co. of Virginia acquired a new position in shares of Avantor during the 3rd quarter worth about $159,669,000. Morgan Stanley increased its stake in shares of Avantor by 179.4% during the 4th quarter. Morgan Stanley now owns 17,468,418 shares of the company’s stock worth $200,188,000 after purchasing an additional 11,216,565 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Avantor during the 4th quarter worth about $73,322,000. 95.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on AVTR shares. Jefferies Financial Group restated an “underperform” rating and issued a $8.00 price target on shares of Avantor in a report on Thursday, February 12th. Evercore set a $10.00 price target on Avantor in a report on Wednesday, February 11th. Citigroup cut their price target on Avantor from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus set a $10.00 price target on Avantor in a report on Thursday, February 12th. Finally, Barclays cut their price target on Avantor from $8.50 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Avantor has an average rating of “Hold” and a consensus price target of $11.39.

Read Our Latest Stock Report on AVTR

Avantor Stock Up 1.4%

Shares of AVTR stock traded up $0.11 during trading on Thursday, reaching $7.98. The company’s stock had a trading volume of 4,858,652 shares, compared to its average volume of 10,824,359. The business has a fifty day moving average price of $8.02 and a 200-day moving average price of $10.11. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market cap of $5.45 billion, a price-to-earnings ratio of -9.90, a price-to-earnings-growth ratio of 4.77 and a beta of 0.94. Avantor has a one year low of $7.26 and a one year high of $15.93.

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

Avantor Company Profile

(Get Free Report)

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.

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