Avantor (NYSE:AVTR) Trading Down 3% – Here’s What Happened

Avantor, Inc. (NYSE:AVTR) shares dropped 3% on Friday . The company traded as low as $21.70 and last traded at $21.89. Approximately 1,127,393 shares traded hands during trading, a decline of 72% from the average daily volume of 4,009,236 shares. The stock had previously closed at $22.57.

Analyst Upgrades and Downgrades

AVTR has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Barclays decreased their price target on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Robert W. Baird cut their price objective on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. UBS Group reissued a “neutral” rating and set a $25.00 price objective (down from $29.00) on shares of Avantor in a report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of Avantor in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.38.

Avantor Price Performance

The stock has a fifty day moving average of $21.45 and a 200-day moving average of $23.35. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $15.07 billion, a P/E ratio of 48.13, a PEG ratio of 3.42 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Avantor by 99.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock valued at $26,000 after buying an additional 625 shares during the last quarter. UMB Bank n.a. bought a new stake in Avantor during the 3rd quarter worth about $49,000. Nisa Investment Advisors LLC raised its holdings in Avantor by 69.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock worth $53,000 after purchasing an additional 835 shares during the last quarter. GAMMA Investing LLC raised its holdings in Avantor by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,715 shares of the company’s stock worth $70,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Avantor by 278.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,031 shares of the company’s stock worth $130,000 after purchasing an additional 3,700 shares during the last quarter. 95.08% of the stock is owned by institutional investors.

Avantor Company Profile

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.