New Age Alpha Advisors LLC Buys New Shares in Avantor, Inc. (NYSE:AVTR)

New Age Alpha Advisors LLC acquired a new position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 62,222 shares of the company's stock, valued at approximately $1,311,000.

A number of other large investors also recently bought and sold shares of AVTR. MassMutual Private Wealth & Trust FSB grew its stake in 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 buying an additional 625 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Avantor by 106.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $34,000 after purchasing an additional 830 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Avantor by 76.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after buying an additional 1,067 shares in the last quarter. UMB Bank n.a. grew 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 acquiring an additional 1,074 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Avantor in the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 95.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AVTR shares. Morgan Stanley dropped their price objective on shares of Avantor from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Barclays decreased their price target on Avantor from $26.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. UBS Group reissued a "neutral" rating and set a $25.00 target price (down previously from $29.00) on shares of Avantor in a report on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Citigroup reduced their price objective on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.50.

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Insiders Place Their Bets

In other Avantor news, EVP James Bramwell sold 3,758 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $65,877.74. Following the sale, the executive vice president now directly owns 87,379 shares in the company, valued at approximately $1,531,753.87. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Steven W. Eck sold 4,907 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the transaction, the chief accounting officer now owns 40,604 shares of the company's stock, valued at $711,788.12. This trade represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Avantor Trading Down 3.4 %

NYSE AVTR traded down $0.53 on Friday, reaching $15.15. The company had a trading volume of 24,521,591 shares, compared to its average volume of 6,626,558. Avantor, Inc. has a 52 week low of $14.78 and a 52 week high of $28.00. The stock's 50 day moving average is $17.78 and its 200-day moving average is $21.04. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.55 and a beta of 1.23.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the firm posted $0.22 earnings per share. Equities analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Avantor Company 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.