Avantor, Inc. (NYSE:AVTR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Avantor, Inc. (NYSE:AVTRFree Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,062,708 shares of the company’s stock after selling 2,397 shares during the period. California State Teachers Retirement System owned about 0.16% of Avantor worth $24,262,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AVTR. Principal Financial Group Inc. boosted its holdings in Avantor by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,019 shares of the company’s stock worth $1,118,000 after buying an additional 2,750 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Avantor by 13.1% during the 3rd quarter. Victory Capital Management Inc. now owns 367,298 shares of the company’s stock worth $7,743,000 after purchasing an additional 42,543 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Avantor during the 3rd quarter worth approximately $314,000. Quantbot Technologies LP boosted its holdings in shares of Avantor by 264.7% during the 3rd quarter. Quantbot Technologies LP now owns 21,741 shares of the company’s stock worth $458,000 after purchasing an additional 15,780 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Avantor by 4.8% during the 3rd quarter. Amalgamated Bank now owns 65,798 shares of the company’s stock worth $1,387,000 after purchasing an additional 2,997 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVTR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Avantor from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Barclays boosted their target price on Avantor from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their target price on Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Robert W. Baird lowered their target price on Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, 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 research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.71.

Read Our Latest Report on Avantor

Avantor Stock Up 0.2 %

Shares of NYSE AVTR opened at $24.24 on Thursday. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 2.46 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Avantor, Inc. has a 52-week low of $16.63 and a 52-week high of $26.16. The business’s 50 day moving average is $24.73 and its two-hundred day moving average is $23.62.

Avantor (NYSE:AVTRGet Free Report) last announced its earnings results on Friday, April 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. Avantor had a return on equity of 13.01% and a net margin of 3.79%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. Research analysts predict that Avantor, Inc. will post 1.01 EPS for the current year.

About Avantor

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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