Teachers Retirement System of The State of Kentucky Trims Holdings in Avantor, Inc. (NYSE:AVTR)

Teachers Retirement System of The State of Kentucky trimmed its position in Avantor, Inc. (NYSE:AVTRGet Rating) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,947 shares of the company’s stock after selling 21,585 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.07% of Avantor worth $15,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its stake in shares of Avantor by 9.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 10,881 shares of the company’s stock valued at $366,000 after acquiring an additional 928 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Avantor during the 1st quarter valued at about $4,038,000. Neuberger Berman Group LLC increased its stake in shares of Avantor by 25.2% during the 1st quarter. Neuberger Berman Group LLC now owns 3,383,751 shares of the company’s stock valued at $114,438,000 after acquiring an additional 681,467 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Avantor by 2,120.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 231,589 shares of the company’s stock valued at $7,952,000 after acquiring an additional 221,160 shares during the last quarter. Finally, Toroso Investments LLC increased its stake in shares of Avantor by 14.5% during the 1st quarter. Toroso Investments LLC now owns 14,434 shares of the company’s stock valued at $488,000 after acquiring an additional 1,832 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AVTR. KeyCorp dropped their target price on shares of Avantor from $51.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. Robert W. Baird dropped their target price on shares of Avantor from $44.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 1st. Credit Suisse Group began coverage on shares of Avantor in a research report on Wednesday, August 24th. They set a “neutral” rating and a $32.00 target price for the company. UBS Group dropped their target price on shares of Avantor to $42.00 in a research report on Thursday. Finally, Morgan Stanley dropped their target price on shares of Avantor from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, August 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.85.

Avantor Stock Down 3.0 %

Shares of NYSE:AVTR opened at $22.48 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 1.41. Avantor, Inc. has a 52-week low of $22.33 and a 52-week high of $44.37. The company has a 50 day moving average of $27.66 and a two-hundred day moving average of $30.49. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.34.

Avantor (NYSE:AVTRGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Avantor had a net margin of 8.27% and a return on equity of 27.14%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. As a group, analysts forecast that Avantor, Inc. will post 1.46 earnings per share for the current fiscal year.

Avantor Profile

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Avantor, Inc provides products and services to customers in 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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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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