Aberdeen Group plc Has $7.06 Million Position in Avantor, Inc. $AVTR

Key Points

• Aberdeen Group plc reduced its stake in Avantor, Inc. by 35.6%, selling 240,546 shares, leaving them with 435,622 shares valued at approximately $7.06 million.
• Avantor received mixed ratings from analysts, with a consensus rating of "Hold" and a price target ranging from $13.00 to $16.00 following recent adjustments.
• In its latest earnings report, Avantor missed earnings expectations with an EPS of $0.24 against the projected $0.25, and reported a year-over-year revenue decline of 1.1%.

Aberdeen Group plc reduced its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 35.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 435,622 shares of the company's stock after selling 240,546 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Avantor worth $7,061,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Avantor by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock valued at $132,000 after buying an additional 592 shares during the period. American Trust increased its stake in Avantor by 4.5% during the 4th quarter. American Trust now owns 15,198 shares of the company's stock valued at $320,000 after buying an additional 658 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in Avantor by 1.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 82,523 shares of the company's stock valued at $1,767,000 after buying an additional 857 shares during the period. Portside Wealth Group LLC increased its stake in Avantor by 9.0% during the 1st quarter. Portside Wealth Group LLC now owns 10,673 shares of the company's stock valued at $173,000 after buying an additional 882 shares during the period. Finally, Signaturefd LLC increased its stake in Avantor by 19.8% during the 1st quarter. Signaturefd LLC now owns 5,470 shares of the company's stock valued at $89,000 after buying an additional 904 shares during the period. 95.08% of the stock is currently owned by institutional investors.

Avantor Trading Up 0.6%

Shares of AVTR traded up $0.08 during midday trading on Tuesday, hitting $13.29. The stock had a trading volume of 56,683,172 shares, compared to its average volume of 14,193,064. Avantor, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $27.83. The business has a 50-day simple moving average of $13.13 and a two-hundred day simple moving average of $14.33. The firm has a market cap of $9.06 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

Avantor (NYSE:AVTR - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Avantor had a return on equity of 11.39% and a net margin of 10.31%.The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business's quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Avantor, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays reissued an "overweight" rating and set a $13.00 target price (down previously from $15.00) on shares of Avantor in a research note on Monday, August 4th. Stifel Nicolaus set a $12.00 target price on shares of Avantor and gave the company a "hold" rating in a research note on Monday, August 4th. TD Cowen cut shares of Avantor from a "buy" rating to a "hold" rating and set a $15.50 price objective on the stock. in a research note on Monday, April 28th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Avantor in a research note on Friday, August 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Avantor from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Avantor presently has an average rating of "Hold" and an average target price of $15.50.

Insider Activity at Avantor

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the transaction, the chief accounting officer directly owned 55,068 shares in the company, valued at $627,224.52. This trade represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

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.