GSA Capital Partners LLP Makes New $553,000 Investment in Avantor, Inc. (NYSE:AVTR)

GSA Capital Partners LLP purchased a new position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,113 shares of the company's stock, valued at approximately $553,000.

Several other large investors have also recently made changes to their positions in the business. Meeder Advisory Services Inc. purchased a new position in shares of Avantor during the first quarter worth approximately $163,000. Mackenzie Financial Corp increased its stake in shares of Avantor by 157.1% in the first quarter. Mackenzie Financial Corp now owns 111,479 shares of the company's stock worth $1,807,000 after buying an additional 68,121 shares during the period. LPL Financial LLC increased its stake in shares of Avantor by 50.1% in the first quarter. LPL Financial LLC now owns 209,166 shares of the company's stock worth $3,391,000 after buying an additional 69,772 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Avantor by 1.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 381,280 shares of the company's stock worth $6,181,000 after buying an additional 4,036 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Avantor by 1.5% in the first quarter. TD Asset Management Inc now owns 3,466,232 shares of the company's stock worth $56,188,000 after buying an additional 52,179 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Avantor

In other Avantor news, Director Gregory L. Summe purchased 30,000 shares of Avantor stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $12.50 per share, with a total value of $375,000.00. Following the transaction, the director directly owned 100,000 shares of the company's stock, valued at $1,250,000. This trade represents a 42.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 75,000 shares of company stock worth $928,000. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AVTR has been the topic of several analyst reports. Wells Fargo & Company decreased their target price on shares of Avantor from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday. The Goldman Sachs Group downgraded shares of Avantor from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $14.00 in a research report on Tuesday, April 29th. Barclays reduced their price objective on shares of Avantor from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday. Cowen downgraded shares of Avantor from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Royal Bank Of Canada reduced their price objective on shares of Avantor from $20.00 to $17.00 and set an "outperform" rating on the stock in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.50.

Avantor Stock Performance

Shares of Avantor stock opened at $11.36 on Tuesday. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.21 and a beta of 0.96. The firm's 50-day moving average is $13.35 and its 200 day moving average is $15.32. Avantor, Inc. has a 1 year low of $10.82 and a 1 year high of $27.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.67.

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

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.

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