State of Alaska Department of Revenue Sells 3,135 Shares of Avantor, Inc. $AVTR

State of Alaska Department of Revenue trimmed its position in shares of Avantor, Inc. (NYSE:AVTR) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,662 shares of the company’s stock after selling 3,135 shares during the quarter. State of Alaska Department of Revenue’s holdings in Avantor were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new stake in Avantor during the 1st quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avantor by 288.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company’s stock valued at $28,000 after purchasing an additional 1,263 shares during the period. Wealthquest Corp purchased a new position in shares of Avantor in the first quarter worth about $34,000. GAMMA Investing LLC lifted its holdings in shares of Avantor by 121.6% during the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company’s stock worth $61,000 after purchasing an additional 2,056 shares during the period. Finally, Fifth Third Bancorp boosted its position in Avantor by 52.0% in the first quarter. Fifth Third Bancorp now owns 3,972 shares of the company’s stock valued at $64,000 after buying an additional 1,359 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird cut their target price on shares of Avantor from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Stifel Nicolaus set a $12.00 price target on shares of Avantor and gave the company a “hold” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of Avantor from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Jefferies Financial Group restated a “hold” rating on shares of Avantor in a research report on Friday, August 1st. Finally, Morgan Stanley reduced their price target on Avantor from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $15.65.

Avantor Stock Up 3.7%

Shares of NYSE:AVTR opened at $14.28 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.67. Avantor, Inc. has a 1-year low of $10.82 and a 1-year high of $26.14. The firm has a fifty day moving average price of $12.76 and a 200 day moving average price of $13.49. The stock has a market cap of $9.73 billion, a P/E ratio of 14.42, a P/E/G ratio of 4.60 and a beta of 0.98.

Avantor (NYSE:AVTR) last posted its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Avantor had a net margin of 10.31% and a return on equity of 11.39%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $0.25 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts predict that Avantor, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling at Avantor

In other news, CAO Steven W. Eck sold 3,476 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the sale, the chief accounting officer owned 55,068 shares in the company, valued at approximately $627,224.52. This represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

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.