Avantor (NYSE:AVTR – Get Free Report) was upgraded by equities researchers at Royal Bank Of Canada to a “hold” rating in a report released on Thursday,Zacks.com reports.
Several other analysts have also issued reports on the stock. Barclays reduced their price objective on shares of Avantor from $8.50 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company reduced their price objective on shares of Avantor from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Citigroup reduced their price objective on shares of Avantor from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Avantor from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Stifel Nicolaus set a $10.00 price objective on shares of Avantor in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.82.
Read Our Latest Report on Avantor
Avantor Trading Down 3.8%
Avantor (NYSE:AVTR – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. Avantor’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. As a group, equities analysts predict that Avantor will post 0.79 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Sanjeev K. Mehra bought 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $8.01 per share, for a total transaction of $1,001,250.00. Following the completion of the purchase, the director owned 475,000 shares of the company’s stock, valued at approximately $3,804,750. This represents a 35.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Simon Dingemans bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the purchase, 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. Insiders have acquired 210,000 shares of company stock worth $1,745,950 over the last three months. Company insiders own 0.28% of the company’s stock.
Institutional Trading of Avantor
Large investors have recently made changes to their positions in the company. Natixis Advisors LLC increased its stake in shares of Avantor by 124.8% during the third quarter. Natixis Advisors LLC now owns 1,907,077 shares of the company’s stock worth $23,800,000 after buying an additional 1,058,617 shares during the period. Greenhaven Associates Inc. acquired a new position in Avantor in the third quarter valued at approximately $228,528,000. Sector Gamma AS boosted its holdings in Avantor by 28.0% in the third quarter. Sector Gamma AS now owns 477,104 shares of the company’s stock valued at $5,954,000 after purchasing an additional 104,466 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Avantor by 1,333.0% in the third quarter. Quantbot Technologies LP now owns 246,494 shares of the company’s stock valued at $3,076,000 after purchasing an additional 229,293 shares in the last quarter. Finally, London Co. of Virginia acquired a new position in Avantor in the third quarter valued at approximately $159,669,000. 95.08% of the stock is currently owned by hedge funds and other 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.
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