Gerald Baker Financial Group LLC Buys New Shares in Avantor, Inc. $AVTR

Gerald Baker Financial Group LLC bought a new position in Avantor, Inc. (NYSE:AVTR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 94,206 shares of the company’s stock, valued at approximately $739,000.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Avantor by 104.3% in the first quarter. Royal Bank of Canada now owns 203,738 shares of the company’s stock valued at $3,302,000 after acquiring an additional 104,022 shares in the last quarter. Empowered Funds LLC raised its stake in Avantor by 40.3% during the 1st quarter. Empowered Funds LLC now owns 17,659 shares of the company’s stock valued at $286,000 after purchasing an additional 5,075 shares during the period. Cetera Investment Advisers raised its stake in Avantor by 40.2% during the 2nd quarter. Cetera Investment Advisers now owns 40,289 shares of the company’s stock valued at $542,000 after purchasing an additional 11,543 shares during the period. Quantbot Technologies LP purchased a new position in Avantor in the 2nd quarter worth approximately $232,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Avantor by 214.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 124,076 shares of the company’s stock worth $1,670,000 after purchasing an additional 84,679 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Price Performance

Shares of Avantor stock opened at $11.29 on Friday. The firm has a market cap of $7.71 billion, a PE ratio of -13.94, a PEG ratio of 6.24 and a beta of 0.94. The stock has a 50 day moving average of $9.34 and a 200 day moving average of $9.41. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Avantor, Inc. has a 12 month low of $7.26 and a 12 month high of $15.93.

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, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, research analysts expect that Avantor, Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore set a $10.50 price objective on shares of Avantor in a report on Monday, July 6th. Citigroup boosted their target price on shares of Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Wolfe Research lowered shares of Avantor to an “underperform” rating and set a $7.00 target price for the company. in a research report on Monday, June 1st. Zacks Research raised shares of Avantor from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, UBS Group set a $8.00 price target on shares of Avantor in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Avantor has a consensus rating of “Reduce” and a consensus target price of $10.62.

Insiders Place Their Bets

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