Avantor, Inc. (NYSE:AVTR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,123,641 shares of the company's stock after selling 151,034 shares during the period. Thrivent Financial for Lutherans owned 0.46% of Avantor worth $65,815,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Avantor by 34.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company's stock worth $8,972,000 after acquiring an additional 88,205 shares in the last quarter. Perpetual Ltd boosted its position in Avantor by 38.7% during the fourth quarter. Perpetual Ltd now owns 1,766,882 shares of the company's stock worth $37,228,000 after purchasing an additional 493,408 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Avantor in the fourth quarter valued at approximately $555,000. Rhumbline Advisers increased its position in shares of Avantor by 1.8% in the fourth quarter. Rhumbline Advisers now owns 1,922,368 shares of the company's stock valued at $40,504,000 after buying an additional 33,692 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Avantor by 45.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 723,178 shares of the company's stock worth $18,708,000 after buying an additional 227,200 shares during the period. Institutional investors and hedge funds own 95.08% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

AVTR has been the subject of several recent analyst reports. Raymond James reissued an "outperform" rating and issued a $24.00 price target (down previously from $26.00) on shares of Avantor in a report on Monday, February 10th. Barclays reduced their price target on shares of Avantor from $26.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Morgan Stanley lowered their price objective on Avantor from $27.00 to $25.00 and set an "overweight" rating on the stock in a report 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. Finally, Citigroup lowered their price target on Avantor from $22.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Avantor Trading Down 0.1 %

Shares of AVTR traded down $0.01 during midday trading on Monday, reaching $16.53. The company had a trading volume of 5,819,926 shares, compared to its average volume of 6,326,586. Avantor, Inc. has a 1-year low of $15.37 and a 1-year high of $28.00. 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 firm has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $21.69. The stock has a market cap of $11.25 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30.

Avantor (NYSE:AVTR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Avantor had a net margin of 10.49% and a return on equity of 12.17%. During the same quarter in the prior year, the firm earned $0.22 EPS. Research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity at Avantor

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