National Pension Service Has $25.38 Million Stock Position in Avantor, Inc. (NYSE:AVTR)

National Pension Service reduced its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,700 shares of the company's stock after selling 83,619 shares during the quarter. National Pension Service owned approximately 0.18% of Avantor worth $25,383,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of Avantor by 99.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after purchasing an additional 625 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Avantor by 69.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company's stock worth $53,000 after purchasing an additional 835 shares during the last quarter. Global Retirement Partners LLC raised its position in Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after purchasing an additional 1,067 shares during the last quarter. UMB Bank n.a. lifted its holdings in Avantor by 56.3% during the 4th quarter. UMB Bank n.a. now owns 2,981 shares of the company's stock worth $63,000 after buying an additional 1,074 shares in the last quarter. Finally, CKW Financial Group boosted its position in Avantor by 116.7% in the 4th quarter. CKW Financial Group now owns 5,200 shares of the company's stock valued at $110,000 after buying an additional 2,800 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday. Barclays dropped their price objective on Avantor from $26.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Wells Fargo & Company reduced their target price on shares of Avantor from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Raymond James reissued an "outperform" rating and set a $24.00 price target (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $25.00 price objective (down from $29.00) on shares of Avantor in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Avantor Trading Up 1.6 %

Shares of NYSE AVTR traded up $0.25 during midday trading on Wednesday, reaching $15.75. 7,605,768 shares of the stock were exchanged, compared to its average volume of 5,941,737. Avantor, Inc. has a 12 month low of $15.37 and a 12 month high of $28.00. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The business has a 50-day simple moving average of $20.18 and a two-hundred day simple moving average of $22.47.

Avantor (NYSE:AVTR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Avantor had a return on equity of 12.17% and a net margin of 10.49%. During the same quarter last year, the firm earned $0.22 EPS. As a group, equities research analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Insider Activity

In other news, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $65,877.74. Following the sale, the executive vice president now directly owns 87,379 shares in the company, valued at $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steven W. Eck sold 4,907 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the sale, the chief accounting officer now directly owns 40,604 shares in the company, valued at approximately $711,788.12. This represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Avantor Profile

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.