Avantor (NYSE:AVTR) Shares Gap Down to $25.15

Shares of Avantor, Inc. (NYSE:AVTR) gapped down before the market opened on Friday . The stock had previously closed at $25.15, but opened at $23.91. Avantor shares last traded at $23.77, with a volume of 2,616,535 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Evercore ISI lifted their price target on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Raymond James lifted their price target on shares of Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada lifted their price target on shares of Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Robert W. Baird raised their price objective on shares of Avantor from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.71.

Avantor Stock Down 4.8 %

The firm’s 50-day simple moving average is $25.08 and its two-hundred day simple moving average is $22.62. 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 stock has a market cap of $16.24 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 2.56 and a beta of 1.37.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the company earned $0.29 EPS. Avantor’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts expect that Avantor, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at Avantor

In other news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 owns 101,143 shares in the company, valued at approximately $2,476,992.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Avantor

Several institutional investors have recently modified their holdings of the business. Yousif Capital Management LLC boosted its stake in Avantor by 11.5% during the 1st quarter. Yousif Capital Management LLC now owns 12,180 shares of the company’s stock worth $311,000 after acquiring an additional 1,255 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in Avantor by 2.3% during the 1st quarter. Peregrine Capital Management LLC now owns 701,687 shares of the company’s stock worth $17,942,000 after acquiring an additional 15,470 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Avantor by 2.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 170,317 shares of the company’s stock worth $4,355,000 after acquiring an additional 4,200 shares during the last quarter. Paradiem LLC boosted its stake in Avantor by 1.1% during the 1st quarter. Paradiem LLC now owns 129,001 shares of the company’s stock worth $3,299,000 after acquiring an additional 1,413 shares during the last quarter. Finally, Veracity Capital LLC boosted its stake in Avantor by 48.8% during the 1st quarter. Veracity Capital LLC now owns 53,214 shares of the company’s stock worth $1,361,000 after acquiring an additional 17,458 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

About Avantor

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.