Steven W. Eck Sells 4,907 Shares of Avantor, Inc. (NYSE:AVTR) Stock

Avantor, Inc. (NYSE:AVTR) CAO Steven W. Eck sold 4,907 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the transaction, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Avantor Stock Performance

Avantor stock opened at $16.71 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.37 billion, a PE ratio of 16.06, a P/E/G ratio of 1.55 and a beta of 1.28. The firm has a fifty day simple moving average of $20.51 and a two-hundred day simple moving average of $22.67. Avantor, Inc. has a twelve month low of $16.41 and a twelve month high of $28.00.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Avantor had a net margin of 10.49% and a return on equity of 12.17%. During the same period in the prior year, the firm earned $0.22 earnings per share. Research analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Hedge Funds Weigh In On Avantor

A number of hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Avantor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 188,900 shares of the company’s stock valued at $3,980,000 after acquiring an additional 500 shares during the period. Hantz Financial Services Inc. increased its position in shares of Avantor by 2.1% in the third quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company’s stock valued at $644,000 after acquiring an additional 503 shares during the period. Blue Trust Inc. increased its position in shares of Avantor by 6.9% in the fourth quarter. Blue Trust Inc. now owns 8,069 shares of the company’s stock valued at $170,000 after acquiring an additional 522 shares during the period. Pacer Advisors Inc. increased its position in shares of Avantor by 0.5% in the fourth quarter. Pacer Advisors Inc. now owns 99,825 shares of the company’s stock valued at $2,103,000 after acquiring an additional 542 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Avantor by 10.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company’s stock valued at $132,000 after acquiring an additional 592 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AVTR. Barclays cut their price target on shares of Avantor from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, February 10th. UBS Group reaffirmed a “neutral” rating and set a $25.00 price objective (down from $29.00) on shares of Avantor in a report on Friday, January 17th. Raymond James reaffirmed an “outperform” rating and set a $24.00 price objective (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Royal Bank of Canada dropped their price objective on shares of Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Avantor presently has a consensus rating of “Moderate Buy” and an average target price of $25.92.

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.