Avantor, Inc. (NYSE:AVTR) Short Interest Update

Avantor, Inc. (NYSE:AVTR - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 27,600,000 shares, a decrease of 5.8% from the March 31st total of 29,290,000 shares. Based on an average trading volume of 5,380,000 shares, the days-to-cover ratio is presently 5.1 days.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AVTR. UBS Group boosted their target price on shares of Avantor from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their price objective on shares of Avantor from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 15th. Evercore ISI lifted their target price on Avantor from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, April 4th. Robert W. Baird reduced their price objective on Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Avantor from $23.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.71.

Insider Transactions at Avantor

In other news, EVP James Bramwell sold 6,203 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the completion of the sale, the executive vice president now directly owns 101,143 shares of the company's stock, valued at approximately $2,476,992.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Avantor

A number of institutional investors and hedge funds have recently modified their holdings of AVTR. Vontobel Holding Ltd. boosted its holdings in Avantor by 2.0% during the fourth quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company's stock worth $690,000 after buying an additional 591 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Avantor by 3.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company's stock worth $427,000 after acquiring an additional 685 shares during the last quarter. Fifth Third Bancorp increased its stake in Avantor by 125.3% in the fourth quarter. Fifth Third Bancorp now owns 1,248 shares of the company's stock valued at $28,000 after purchasing an additional 694 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Avantor by 1.6% in the fourth quarter. Mackenzie Financial Corp now owns 46,610 shares of the company's stock worth $1,064,000 after purchasing an additional 747 shares during the period. Finally, Lmcg Investments LLC boosted its position in shares of Avantor by 2.1% during the third quarter. Lmcg Investments LLC now owns 41,418 shares of the company's stock worth $873,000 after purchasing an additional 853 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Avantor Price Performance

AVTR traded up $0.15 during midday trading on Tuesday, hitting $24.23. The company had a trading volume of 4,669,419 shares, compared to its average volume of 5,833,313. Avantor has a twelve month low of $16.63 and a twelve month high of $26.16. The company has a market capitalization of $16.43 billion, a PE ratio of 61.74, a P/E/G ratio of 2.44 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. The firm's 50-day simple moving average is $25.09 and its 200-day simple moving average is $22.66.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. Avantor had a return on equity of 13.15% and a net margin of 3.79%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts predict that Avantor will post 1.01 EPS for the current fiscal year.

Avantor Company 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.