Avantor, Inc. (NYSE:AVTR) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,744,674 shares of the company's stock after selling 22,208 shares during the quarter. Perpetual Ltd owned approximately 0.26% of Avantor worth $28,281,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Avantor by 106.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after purchasing an additional 830 shares during the period. Wealthquest Corp purchased a new stake in Avantor during the 1st quarter worth about $34,000. Global Retirement Partners LLC increased its holdings in shares of Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock valued at $52,000 after acquiring an additional 1,067 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Avantor by 121.6% in the 1st quarter. GAMMA Investing LLC now owns 3,747 shares of the company's stock valued at $61,000 after acquiring an additional 2,056 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Avantor by 52.0% in the 1st quarter. Fifth Third Bancorp now owns 3,972 shares of the company's stock valued at $64,000 after acquiring an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AVTR shares. Barclays dropped their price objective on Avantor from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. TD Cowen downgraded Avantor from a "buy" rating to a "hold" rating and set a $15.50 price objective on the stock. in a report on Monday, April 28th. Royal Bank Of Canada dropped their price objective on Avantor from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group downgraded Avantor from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $23.00 to $14.00 in a report on Tuesday, April 29th. Finally, Robert W. Baird dropped their price objective on Avantor from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.88.

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 acquired at an average cost of $12.50 per share, with a total value of $375,000.00. Following the acquisition, the director directly owned 100,000 shares of the company's stock, valued at $1,250,000. This represents a 42.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph R. Massaro purchased 8,100 shares of Avantor stock in a transaction dated Tuesday, April 29th. The stock was acquired at an average cost of $12.30 per share, with a total value of $99,630.00. Following the completion of the acquisition, the director directly owned 35,038 shares in the company, valued at approximately $430,967.40. This trade represents a 30.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 83,100 shares of company stock valued at $1,027,630 over the last three months. Insiders own 1.20% of the company's stock.

Avantor Stock Performance

Avantor stock traded down $0.05 during mid-day trading on Monday, reaching $13.48. 5,756,579 shares of the company were exchanged, compared to its average volume of 8,337,218. Avantor, Inc. has a twelve month low of $11.82 and a twelve month high of $28.00. The firm's 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $16.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 1.12. The firm has a market cap of $9.19 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04.

Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.61 billion. Avantor had a return on equity of 11.93% and a net margin of 10.70%. The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Equities analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

About Avantor

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.