Avantor, Inc. (NYSE:AVTR – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.38 and last traded at $7.6150, with a volume of 1538297 shares trading hands. The stock had previously closed at $7.59.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on AVTR shares. Morgan Stanley set a $10.00 price objective on shares of Avantor in a research report on Friday, February 13th. Citigroup decreased their price target on Avantor from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. 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. Zacks Research downgraded Avantor from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Bank of America lowered Avantor from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.80.
Check Out Our Latest Stock Report on AVTR
Avantor Trading Up 1.4%
Avantor (NYSE:AVTR – Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Avantor had a positive return on equity of 10.45% and a negative net margin of 8.09%.The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business posted $0.27 earnings per share. Avantor’s revenue was down 1.4% compared to the same quarter last year. Avantor has set its FY 2026 guidance at 0.770-0.830 EPS. As a group, research analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Gregory T. Lucier acquired 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $9.16 per share, with a total value of $458,000.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at $458,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory L. Summe bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of $9.40 per share, for a total transaction of $940,000.00. Following the completion of the purchase, the director directly owned 400,000 shares of the company’s stock, valued at approximately $3,760,000. This trade represents a 33.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 275,000 shares of company stock worth $2,399,250. 1.20% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Avantor
Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Avantor by 119.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after buying an additional 1,189 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in Avantor during the 2nd quarter worth about $32,000. Private Trust Co. NA boosted its position in shares of Avantor by 46.2% during the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after acquiring an additional 875 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Avantor by 60.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Avantor in the 4th quarter valued at about $32,000. 95.08% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
Receive News & Ratings for Avantor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantor and related companies with MarketBeat.com's FREE daily email newsletter.
