Avantor (NYSE:AVTR) Shares Gap Up Following Better-Than-Expected Earnings

Avantor, Inc. (NYSE:AVTR)’s share price gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $12.42, but opened at $14.49. Avantor shares last traded at $14.1420, with a volume of 7,846,527 shares.

The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS.

Analyst Ratings Changes

AVTR has been the topic of a number of recent research reports. Wall Street Zen upgraded Avantor from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Wolfe Research lowered Avantor to an “underperform” rating and set a $7.00 price target for the company. in a research report on Monday, June 1st. TD Cowen restated a “hold” rating on shares of Avantor in a research note on Wednesday, July 15th. Barclays lifted their price objective on shares of Avantor from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Finally, UBS Group set a $8.00 price objective on shares of Avantor in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Avantor has an average rating of “Reduce” and a consensus price target of $10.62.

Insider Activity

In other Avantor news, Director Simon Dingemans acquired 25,000 shares of Avantor stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at approximately $203,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory T. Lucier acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $8.32 per share, for a total transaction of $83,200.00. Following the completion of the purchase, the director owned 60,000 shares in the company, valued at $499,200. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. 0.28% of the stock is owned by company insiders.

Institutional Trading of Avantor

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Avantor by 119.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after acquiring an additional 1,189 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in Avantor during the second quarter valued at about $32,000. Private Trust Co. NA boosted its holdings in Avantor by 46.2% during the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock valued at $32,000 after acquiring an additional 875 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Avantor by 60.9% during the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock valued at $38,000 after purchasing an additional 1,064 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Avantor in the 4th quarter worth $32,000. Institutional investors own 95.08% of the company’s stock.

Avantor Stock Up 13.5%

The company has a 50 day moving average of $9.89 and a 200-day moving average of $9.39. The company has a market capitalization of $9.62 billion, a P/E ratio of -17.40, a PEG ratio of 6.55 and a beta of 0.94. 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 Company 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.