Steven W. Eck Sells 3,476 Shares of Avantor, Inc. (NYSE:AVTR) Stock

Key Points

• CAO Steven W. Eck sold 3,476 shares of Avantor, Inc. at an average price of $11.39, reducing his position by 5.94%.
• Avantor's stock is currently priced at $11.20, reflecting a 3.8% decrease in one day, with a market cap of $7.63 billion.
• The company reported earnings of $0.24 EPS for the last quarter, missing estimates and showing a year-over-year revenue decline of 1.1%.

Avantor, Inc. (NYSE:AVTR - Get Free Report) CAO Steven W. Eck sold 3,476 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total transaction of $39,591.64. Following the sale, the chief accounting officer directly owned 55,068 shares of the company's stock, valued at $627,224.52. The trade was a 5.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Avantor Trading Down 3.8%

Shares of AVTR stock traded down $0.45 on Wednesday, hitting $11.20. The company had a trading volume of 11,027,515 shares, compared to its average volume of 15,262,598. The firm has a market cap of $7.63 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.31 and a beta of 0.96. The stock's 50-day moving average is $13.32 and its two-hundred day moving average is $15.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.98. Avantor, Inc. has a twelve month low of $10.82 and a twelve month high of $27.83.

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 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 the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The firm's revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on AVTR shares. Raymond James Financial set a $14.00 price target on shares of Avantor and gave the company an "outperform" rating in a research report on Monday. Cowen cut shares of Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on shares of Avantor from $19.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Avantor from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Monday. Finally, The Goldman Sachs Group cut shares of 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.50.

Institutional Investors Weigh In On Avantor

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its holdings in shares of Avantor by 59.6% during the 4th quarter. Tidal Investments LLC now owns 18,869 shares of the company's stock worth $398,000 after acquiring an additional 7,048 shares during the period. GAMMA Investing LLC raised its holdings in Avantor by 121.6% in the 1st quarter. GAMMA Investing LLC now owns 3,747 shares of the company's stock worth $61,000 after purchasing an additional 2,056 shares during the period. Fifth Third Bancorp raised its holdings in Avantor by 52.0% in the 1st quarter. Fifth Third Bancorp now owns 3,972 shares of the company's stock worth $64,000 after purchasing an additional 1,359 shares during the period. Asset Management One Co. Ltd. increased its stake in Avantor by 10.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 260,109 shares of the company's stock worth $4,216,000 after buying an additional 23,639 shares in the last quarter. Finally, Dudley & Shanley Inc. increased its stake in Avantor by 9.7% in the 1st quarter. Dudley & Shanley Inc. now owns 1,191,617 shares of the company's stock worth $19,316,000 after buying an additional 105,490 shares in the last quarter. Institutional investors own 95.08% of the company's stock.

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.

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