New York State Teachers Retirement System Sells 52,703 Shares of Avantor, Inc. $AVTR

New York State Teachers Retirement System cut its stake in Avantor, Inc. (NYSE:AVTR) by 13.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,712 shares of the company’s stock after selling 52,703 shares during the period. New York State Teachers Retirement System’s holdings in Avantor were worth $2,593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Dodge & Cox raised its stake in Avantor by 0.3% in the third quarter. Dodge & Cox now owns 117,746,888 shares of the company’s stock valued at $1,469,481,000 after purchasing an additional 313,404 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Avantor during the fourth quarter worth about $268,584,000. Greenhaven Associates Inc. grew its stake in Avantor by 12.0% during the fourth quarter. Greenhaven Associates Inc. now owns 20,500,653 shares of the company’s stock worth $234,937,000 after buying an additional 2,189,083 shares in the last quarter. Morgan Stanley increased its holdings in Avantor by 179.4% in the 4th quarter. Morgan Stanley now owns 17,468,418 shares of the company’s stock valued at $200,188,000 after buying an additional 11,216,565 shares during the period. Finally, Invesco Ltd. increased its holdings in Avantor by 7.0% in the 4th quarter. Invesco Ltd. now owns 17,178,716 shares of the company’s stock valued at $196,868,000 after buying an additional 1,125,348 shares during the period. 95.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AVTR has been the subject of a number of recent analyst reports. UBS Group set a $8.00 price target on shares of Avantor in a report on Wednesday, June 24th. Royal Bank Of Canada started coverage on shares of Avantor in a research note on Thursday, May 14th. They issued a “sector perform” rating and a $9.00 price objective on the stock. Wall Street Zen upgraded Avantor from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Citigroup upped their target price on Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays lifted their price target on Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $10.62.

Insiders Place Their Bets

In other news, Director Gregory T. Lucier acquired 10,000 shares of Avantor stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $83,200.00. Following the transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $499,200. The trade was a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Simon Dingemans bought 25,000 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $8.14 per share, with a total value of $203,500.00. Following the acquisition, the director owned 25,000 shares in the company, valued at approximately $203,500. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.28% of the company’s stock.

Avantor Stock Performance

Shares of Avantor stock opened at $10.54 on Friday. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17. The firm has a market capitalization of $7.20 billion, a P/E ratio of -13.02, a P/E/G ratio of 5.66 and a beta of 0.94. The company’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $9.43.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts forecast that Avantor, Inc. will post 0.79 earnings per share for the current fiscal year.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.