40,019 Shares in Avantor, Inc. (NYSE:AVTR) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in Avantor, Inc. (NYSE:AVTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,019 shares of the company's stock, valued at approximately $1,023,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Graypoint LLC boosted its holdings in shares of Avantor by 3.8% in the first quarter. Graypoint LLC now owns 11,414 shares of the company's stock valued at $292,000 after acquiring an additional 423 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Avantor by 2.0% in the fourth quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company's stock valued at $690,000 after acquiring an additional 591 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Avantor by 3.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company's stock valued at $427,000 after acquiring an additional 685 shares during the period. Fifth Third Bancorp raised its stake in shares of Avantor by 125.3% during the fourth quarter. Fifth Third Bancorp now owns 1,248 shares of the company's stock worth $28,000 after purchasing an additional 694 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Avantor by 1.6% during the fourth quarter. Mackenzie Financial Corp now owns 46,610 shares of the company's stock worth $1,064,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Trading Up 1.8 %

Shares of NYSE AVTR traded up $0.39 during mid-day trading on Thursday, hitting $21.29. 4,915,562 shares of the company traded hands, compared to its average volume of 5,761,990. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $26.16. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 2.13 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $23.07 and a two-hundred day moving average of $23.69.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. Avantor had a return on equity of 13.01% and a net margin of 3.79%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that Avantor, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup cut Avantor from a "buy" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $23.00 in a research note on Wednesday. Robert W. Baird dropped their price target on Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on Avantor from $23.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, April 18th. Evercore ISI dropped their price target on Avantor from $28.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, July 2nd. Finally, Barclays dropped their price target on Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, June 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.79.

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.