BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 16,755 Shares of Avantor, Inc. (NYSE:AVTR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in Avantor, Inc. (NYSE:AVTR) by 12.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 113,316 shares of the company’s stock after selling 16,755 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Avantor were worth $2,931,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. lifted its holdings in Avantor by 77.3% during the 3rd quarter. Edgestream Partners L.P. now owns 62,709 shares of the company’s stock worth $1,622,000 after purchasing an additional 27,342 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Avantor by 26.4% in the third quarter. Captrust Financial Advisors now owns 17,852 shares of the company’s stock worth $462,000 after acquiring an additional 3,733 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Avantor by 2.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company’s stock valued at $644,000 after purchasing an additional 503 shares during the period. Vinva Investment Management Ltd grew its holdings in Avantor by 194.4% in the third quarter. Vinva Investment Management Ltd now owns 27,928 shares of the company’s stock worth $721,000 after purchasing an additional 18,440 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Avantor by 20.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 433,213 shares of the company’s stock valued at $11,207,000 after acquiring an additional 73,633 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Avantor news, CAO Steven W. Eck sold 3,525 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $25.06, for a total transaction of $88,336.50. Following the completion of the sale, the chief accounting officer now owns 29,544 shares of the company’s stock, valued at $740,372.64. This trade represents a 10.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AVTR has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 price target on shares of Avantor in a research report on Thursday, September 26th. Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. UBS Group decreased their target price on shares of Avantor from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Wells Fargo & Company dropped their price target on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Barclays reduced their target price on Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Avantor currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.57.

Avantor Stock Performance

AVTR stock opened at $21.09 on Wednesday. Avantor, Inc. has a one year low of $19.59 and a one year high of $28.00. The firm has a 50-day simple moving average of $23.06 and a two-hundred day simple moving average of $23.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.54. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 2.56 and a beta of 1.29.

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.