Investors Buy Large Volume of Put Options on Avantor (NYSE:AVTR)

Avantor, Inc. (NYSE:AVTR) saw unusually large options trading on Monday. Traders bought 26,227 put options on the company. This is an increase of 384% compared to the average volume of 5,419 put options.

Analysts Set New Price Targets

A number of research analysts recently commented on AVTR shares. Raymond James lowered their price target on shares of Avantor from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. UBS Group reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $29.00) on shares of Avantor in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Barclays boosted their price objective on Avantor from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Robert W. Baird lowered their price target on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.46.

Avantor Trading Down 1.7 %

Shares of AVTR stock opened at $21.89 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.06. Avantor has a 1-year low of $19.59 and a 1-year high of $28.00. The firm’s 50-day simple moving average is $21.69 and its 200-day simple moving average is $23.46. The firm has a market cap of $14.90 billion, a P/E ratio of 47.60, a PEG ratio of 3.97 and a beta of 1.28.

Hedge Funds Weigh In On Avantor

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its position in Avantor by 58.0% during the third quarter. State Street Corp now owns 22,368,244 shares of the company’s stock valued at $578,666,000 after acquiring an additional 8,206,695 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Avantor by 18.2% in the third quarter. Janus Henderson Group PLC now owns 17,692,705 shares of the company’s stock worth $457,710,000 after purchasing an additional 2,719,615 shares during the last quarter. Geode Capital Management LLC lifted its position in Avantor by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 11,150,788 shares of the company’s stock worth $287,791,000 after acquiring an additional 739,667 shares during the period. The Manufacturers Life Insurance Company raised its stake in Avantor by 653.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,174,736 shares of the company’s stock valued at $159,740,000 after purchasing an additional 5,354,678 shares during the last quarter. Finally, CCLA Investment Management increased its stake in Avantor by 4.5% during the 4th quarter. CCLA Investment Management now owns 5,357,703 shares of the company’s stock worth $112,940,000 after buying an additional 229,199 shares during the period. Institutional investors own 95.08% of the company’s stock.

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.