Comerica Bank Sells 127,981 Shares of Avantor, Inc. $AVTR

Comerica Bank trimmed its position in shares of Avantor, Inc. (NYSE:AVTR) by 30.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 296,375 shares of the company’s stock after selling 127,981 shares during the period. Comerica Bank’s holdings in Avantor were worth $3,396,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Greenhaven Associates Inc. bought a new stake in shares of Avantor in the 3rd quarter worth approximately $228,528,000. London Co. of Virginia bought a new stake in shares of Avantor in the 3rd quarter worth approximately $159,669,000. Bank of America Corp DE boosted its position in shares of Avantor by 122.0% in the 2nd quarter. Bank of America Corp DE now owns 7,495,095 shares of the company’s stock worth $100,884,000 after purchasing an additional 4,119,522 shares in the last quarter. Voss Capital LP boosted its position in shares of Avantor by 905.6% in the 3rd quarter. Voss Capital LP now owns 4,525,000 shares of the company’s stock worth $56,472,000 after purchasing an additional 4,075,000 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in shares of Avantor by 278.0% in the 3rd quarter. Holocene Advisors LP now owns 5,493,677 shares of the company’s stock worth $68,561,000 after purchasing an additional 4,040,154 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVTR. Robert W. Baird set a $11.00 price target on Avantor in a research report on Thursday, February 12th. Jefferies Financial Group reissued an “underperform” rating and issued a $8.00 price target on shares of Avantor in a research report on Thursday, February 12th. TD Cowen reissued a “hold” rating on shares of Avantor in a research report on Thursday, February 12th. Evercore set a $10.00 price target on Avantor in a research report on Wednesday, February 11th. Finally, Zacks Research raised Avantor from a “strong sell” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Avantor currently has a consensus rating of “Hold” and a consensus price target of $11.39.

Avantor Stock Performance

AVTR stock opened at $7.97 on Monday. The stock has a market capitalization of $5.44 billion, a PE ratio of -9.84, a price-to-earnings-growth ratio of 4.65 and a beta of 0.94. Avantor, Inc. has a 12-month low of $7.26 and a 12-month high of $15.93. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $8.14 and its 200 day simple moving average is $10.45.

Avantor (NYSE:AVTR) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. As a group, research analysts forecast that Avantor, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Avantor

In related news, Director Gregory L. Summe bought 100,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $9.40 per share, for a total transaction of $940,000.00. Following the purchase, the director owned 400,000 shares in the company, valued at approximately $3,760,000. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory T. Lucier bought 50,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $9.16 per share, with a total value of $458,000.00. Following the completion of the purchase, the director owned 50,000 shares in the company, valued at approximately $458,000. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 275,000 shares of company stock worth $2,399,250. Insiders own 0.28% of the company’s stock.

Avantor Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.