Global Retirement Partners LLC Buys 1,067 Shares of Avantor, Inc. (NYSE:AVTR)

Global Retirement Partners LLC increased its stake in Avantor, Inc. (NYSE:AVTR) by 76.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,459 shares of the company’s stock after purchasing an additional 1,067 shares during the period. Global Retirement Partners LLC’s holdings in Avantor were worth $52,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC increased its holdings in Avantor by 20.7% in the 4th quarter. Peregrine Capital Management LLC now owns 857,538 shares of the company’s stock valued at $18,068,000 after buying an additional 147,202 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Avantor by 504.8% during the 4th quarter. Venturi Wealth Management LLC now owns 7,572 shares of the company’s stock worth $160,000 after acquiring an additional 6,320 shares in the last quarter. CIBC Asset Management Inc increased its stake in Avantor by 13.8% in the fourth quarter. CIBC Asset Management Inc now owns 27,507 shares of the company’s stock valued at $580,000 after acquiring an additional 3,342 shares during the last quarter. Rhumbline Advisers raised its position in Avantor by 1.8% during the fourth quarter. Rhumbline Advisers now owns 1,922,368 shares of the company’s stock valued at $40,504,000 after purchasing an additional 33,692 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Avantor by 3.0% during the fourth quarter. New York State Teachers Retirement System now owns 337,351 shares of the company’s stock worth $7,108,000 after purchasing an additional 9,813 shares during the last quarter. Institutional investors own 95.08% of the company’s stock.

Avantor Stock Performance

Avantor stock opened at $16.71 on Friday. The business has a 50 day moving average of $20.51 and a 200-day moving average of $22.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. Avantor, Inc. has a 1 year low of $16.41 and a 1 year high of $28.00. The company has a market capitalization of $11.37 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.55 and a beta of 1.28.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.22 earnings per share. On average, equities research analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AVTR shares. UBS Group reiterated a “neutral” rating and issued a $25.00 price target (down previously from $29.00) on shares of Avantor in a research note on Friday, January 17th. Royal Bank of Canada reduced their price objective on Avantor from $33.00 to $31.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reissued an “outperform” rating and set a $24.00 target price (down previously from $26.00) on shares of Avantor in a research note on Monday, February 10th. Morgan Stanley reduced their price target 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. Finally, Stifel Nicolaus decreased their price target on shares of Avantor from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Insider Buying and Selling

In other news, EVP James Bramwell sold 3,758 shares of the business’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 value of $65,877.74. Following the transaction, the executive vice president now owns 87,379 shares in the company, valued at approximately $1,531,753.87. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Steven W. Eck sold 4,907 shares of the 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 sale, the chief accounting officer now owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate 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.