APG Asset Management US Inc. Sells 1,727 Shares of Avantor, Inc. (NYSE:AVTR)

APG Asset Management US Inc. cut its position in Avantor, Inc. (NYSE:AVTR) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,049 shares of the company’s stock after selling 1,727 shares during the quarter. APG Asset Management US Inc.’s holdings in Avantor were worth $296,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its stake in Avantor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 188,900 shares of the company’s stock valued at $3,980,000 after acquiring an additional 500 shares during the period. Blue Trust Inc. lifted its holdings in Avantor by 6.9% during the fourth quarter. Blue Trust Inc. now owns 8,069 shares of the company’s stock worth $170,000 after acquiring an additional 522 shares during the period. Pacer Advisors Inc. lifted its holdings in Avantor by 0.5% during the fourth quarter. Pacer Advisors Inc. now owns 99,825 shares of the company’s stock worth $2,103,000 after acquiring an additional 542 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Avantor by 99.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after acquiring an additional 625 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Avantor by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 138,465 shares of the company’s stock valued at $2,917,000 after buying an additional 765 shares during the period. 95.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AVTR has been the topic of a number of analyst reports. Barclays decreased their price objective on Avantor from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. UBS Group restated a “neutral” rating and issued a $25.00 target price (down from $29.00) on shares of Avantor in a research note on Friday, January 17th. Cowen reiterated a “buy” rating on shares of Avantor in a research report on Tuesday, March 18th. Finally, Citigroup reduced their price objective on Avantor from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report 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 MarketBeat, Avantor has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Avantor Price Performance

NYSE AVTR opened at $15.93 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The stock’s fifty day moving average price is $17.08 and its 200 day moving average price is $20.63. Avantor, Inc. has a 1 year low of $13.80 and a 1 year high of $28.00. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.55 and a beta of 1.24.

Avantor (NYSE:AVTR) last posted its earnings results on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Avantor had a return on equity of 12.17% and a net margin of 10.49%. During the same quarter in the previous year, the firm posted $0.22 EPS. As a group, equities research analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In other Avantor news, CAO Steven W. Eck sold 4,907 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the transaction, the chief accounting officer now owns 40,604 shares in the company, valued at $711,788.12. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James Bramwell sold 3,758 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,531,753.87. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.