Avantor, Inc. (NYSE:AVTR) Stock Holdings Lessened by LRT Capital Management LLC

LRT Capital Management LLC reduced its holdings in Avantor, Inc. (NYSE:AVTR) by 59.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,870 shares of the company’s stock after selling 28,149 shares during the quarter. LRT Capital Management LLC’s holdings in Avantor were worth $431,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. abrdn plc increased its holdings in shares of Avantor by 777.4% in the 4th quarter. abrdn plc now owns 951,775 shares of the company’s stock worth $21,729,000 after acquiring an additional 843,298 shares during the period. Cannon Global Investment Management LLC acquired a new stake in shares of Avantor in the 4th quarter worth about $525,000. Xponance Inc. increased its holdings in shares of Avantor by 3.4% in the 4th quarter. Xponance Inc. now owns 26,254 shares of the company’s stock worth $599,000 after acquiring an additional 858 shares during the period. Federated Hermes Inc. increased its holdings in shares of Avantor by 19.9% in the 4th quarter. Federated Hermes Inc. now owns 628,189 shares of the company’s stock worth $14,342,000 after acquiring an additional 104,296 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Avantor by 565.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,331 shares of the company’s stock worth $30,000 after acquiring an additional 1,131 shares during the period. 95.08% of the stock is currently owned by institutional investors.

Avantor Price Performance

Shares of AVTR traded down $0.20 during mid-day trading on Friday, hitting $24.10. The company’s stock had a trading volume of 4,712,589 shares, compared to its average volume of 3,847,822. Avantor, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $26.16. The firm has a 50-day moving average price of $24.93 and a 200 day moving average price of $22.47. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 50.21, a PEG ratio of 2.45 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.61 and a quick ratio of 1.05.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, February 14th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts predict that Avantor, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AVTR. Barclays increased their price objective on shares of Avantor from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Royal Bank of Canada raised their target price on shares of Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Evercore ISI raised their target price on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Raymond James raised their target price on shares of Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Avantor from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Insiders Place Their Bets

In other Avantor news, EVP James Bramwell sold 6,203 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the transaction, the executive vice president now directly owns 101,143 shares in the company, valued at $2,476,992.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Avantor Profile

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.