Avantor Target of Unusually Large Options Trading (NYSE:AVTR)

Avantor, Inc. (NYSE:AVTR) was the recipient of unusually large options trading on Thursday. Stock traders purchased 29,996 put options on the stock. This represents an increase of 463% compared to the typical volume of 5,332 put options.

Analyst Ratings Changes

Several brokerages have recently commented on AVTR. Barclays 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 Friday, October 25th. UBS Group dropped their price objective on shares of Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target on shares of Avantor in a research report on Thursday, September 26th. Wells Fargo & Company dropped their price target on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Finally, Robert W. Baird reduced their price objective on Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.69.

Avantor Stock Performance

Shares of NYSE:AVTR opened at $22.60 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.84. Avantor has a 1-year low of $19.59 and a 1-year high of $28.00. The stock has a market capitalization of $15.38 billion, a P/E ratio of 49.14, a P/E/G ratio of 3.42 and a beta of 1.28. The business has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $23.35.

Institutional Investors Weigh In On Avantor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in Avantor by 34.1% in the third quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company’s stock valued at $8,972,000 after acquiring an additional 88,205 shares during the last quarter. Sound Shore Management Inc. CT bought a new position in shares of Avantor in the 2nd quarter worth $76,412,000. Seven Eight Capital LP acquired a new stake in shares of Avantor during the second quarter worth $642,000. New York State Teachers Retirement System bought a new stake in Avantor in the third quarter valued at about $8,473,000. Finally, Everence Capital Management Inc. bought a new stake in Avantor in the fourth quarter valued at about $555,000. 95.08% of the stock is owned by institutional investors.

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.