Teacher Retirement System of Texas Purchases New Holdings in Avantor, Inc. (NYSE:AVTR)

Teacher Retirement System of Texas bought a new position in Avantor, Inc. (NYSE:AVTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 99,495 shares of the company's stock, valued at approximately $1,613,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AVTR. Wealthquest Corp purchased a new position in Avantor in the 1st quarter worth about $34,000. GAMMA Investing LLC grew its stake in Avantor by 121.6% during 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 in the last quarter. Fifth Third Bancorp grew its stake in Avantor by 52.0% during 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 in the last quarter. AlphaQuest LLC purchased a new position in Avantor during the 4th quarter valued at about $65,000. Finally, Signaturefd LLC grew its stake in shares of Avantor by 24.9% in the 4th quarter. Signaturefd LLC now owns 4,566 shares of the company's stock valued at $96,000 after buying an additional 911 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AVTR. The Goldman Sachs Group cut Avantor from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $23.00 to $14.00 in a research report on Tuesday, April 29th. Robert W. Baird decreased their price target on Avantor from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Barclays decreased their price target on Avantor from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company decreased their price target on Avantor from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Cowen cut Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.14.

Insider Buying and Selling at Avantor

In related news, Director Gregory L. Summe purchased 30,000 shares of Avantor stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $12.50 per share, with a total value of $375,000.00. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at approximately $1,250,000. The trade was a 42.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Massaro bought 8,100 shares of the stock in a transaction on Tuesday, April 29th. The shares were bought at an average price of $12.30 per share, for a total transaction of $99,630.00. Following the completion of the transaction, the director directly owned 35,038 shares of the company's stock, valued at $430,967.40. This trade represents a 30.07% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 83,100 shares of company stock valued at $1,027,630. Corporate insiders own 1.20% of the company's stock.

Avantor Trading Down 0.7%

NYSE AVTR traded down $0.10 during trading hours on Friday, hitting $13.60. 9,934,172 shares of the company were exchanged, compared to its average volume of 8,535,376. The stock has a 50-day moving average price of $13.21 and a 200 day moving average price of $16.35. The company has a quick ratio of 0.75, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. Avantor, Inc. has a 52 week low of $11.82 and a 52 week high of $28.00. The stock has a market cap of $9.27 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.

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