TD Asset Management Inc Cuts Holdings in Avantor, Inc. $AVTR

TD Asset Management Inc trimmed its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,292,088 shares of the company’s stock after selling 170,996 shares during the period. TD Asset Management Inc’s holdings in Avantor were worth $26,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC raised its stake in shares of Avantor by 124.8% during the 3rd quarter. Natixis Advisors LLC now owns 1,907,077 shares of the company’s stock worth $23,800,000 after buying an additional 1,058,617 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Avantor by 1,333.0% during the 3rd quarter. Quantbot Technologies LP now owns 246,494 shares of the company’s stock worth $3,076,000 after buying an additional 229,293 shares in the last quarter. Greenhaven Associates Inc. increased its holdings in Avantor by 12.0% in the fourth quarter. Greenhaven Associates Inc. now owns 20,500,653 shares of the company’s stock valued at $234,937,000 after buying an additional 2,189,083 shares in the last quarter. London Co. of Virginia acquired a new stake in shares of Avantor during the 3rd quarter valued at approximately $159,669,000. Finally, Invesco Ltd. lifted its position in shares of Avantor by 0.8% during the 3rd quarter. Invesco Ltd. now owns 16,053,368 shares of the company’s stock valued at $200,346,000 after acquiring an additional 119,508 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVTR has been the subject of a number of research reports. Citigroup reduced their price target on shares of Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on Avantor from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus set a $10.00 price objective on Avantor in a research note on Thursday, February 12th. Barclays dropped their price objective on Avantor from $8.50 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Finally, Robert W. Baird set a $11.00 price objective on Avantor in a research note on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $10.57.

Avantor Stock Performance

NYSE AVTR opened at $9.17 on Monday. Avantor, Inc. has a 1-year low of $7.26 and a 1-year high of $15.93. The company has a market capitalization of $6.26 billion, a P/E ratio of -11.31, a PEG ratio of 5.31 and a beta of 0.97. The business has a 50 day moving average price of $8.18 and a 200 day moving average price of $9.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17.

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

Insider Buying and Selling at Avantor

In related news, Director Simon Dingemans bought 25,000 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $203,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sanjeev K. Mehra bought 125,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $8.01 per share, for a total transaction of $1,001,250.00. Following the acquisition, the director owned 475,000 shares in the company, valued at $3,804,750. The trade was a 35.71% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 160,000 shares of company stock worth $1,287,950. 0.28% of the stock is owned by insiders.

About Avantor

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.