California Public Employees Retirement System Grows Position in Avantor, Inc. (NYSE:AVTR)

California Public Employees Retirement System raised its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,025,220 shares of the company’s stock after purchasing an additional 3,161 shares during the quarter. California Public Employees Retirement System’s holdings in Avantor were worth $23,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVTR. Fifth Third Bancorp raised 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. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Avantor by 565.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,331 shares of the company’s stock valued at $30,000 after purchasing an additional 1,131 shares in the last quarter. CKW Financial Group purchased a new stake in Avantor in the fourth quarter valued at approximately $55,000. ORG Partners LLC purchased a new stake in Avantor in the fourth quarter valued at approximately $89,000. Finally, Signaturefd LLC raised its stake in Avantor by 41.7% in the third quarter. Signaturefd LLC now owns 5,979 shares of the company’s stock valued at $126,000 after purchasing an additional 1,759 shares in the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVTR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. increased their price target on shares of Avantor from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group increased their price target on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Raymond James increased their price target on shares of Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada increased their price target 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. Four 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Insider Activity at Avantor

In related news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the sale, the executive vice president now owns 101,143 shares in the company, valued at $2,476,992.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Avantor Stock Down 4.8 %

Shares of Avantor stock opened at $23.94 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. Avantor, Inc. has a 52-week low of $16.63 and a 52-week high of $26.16. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 61.38, a P/E/G ratio of 2.44 and a beta of 1.37. The company’s 50 day moving average price is $25.08 and its 200-day moving average price is $22.63.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Friday, April 26th. The company reported $0.22 earnings per share 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 analysts’ expectations of $1.68 billion. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Equities research analysts forecast that Avantor, Inc. will post 1.01 EPS for the current year.

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.