152,665 Shares in Avantor, Inc. $AVTR Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in Avantor, Inc. (NYSE:AVTR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 152,665 shares of the company’s stock, valued at approximately $2,055,000.

Several other institutional investors have also recently made changes to their positions in AVTR. Rise Advisors LLC bought a new position in shares of Avantor in the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in Avantor by 288.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company’s stock valued at $28,000 after acquiring an additional 1,263 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 during the period. Strategic Wealth Investment Group LLC acquired a new position in shares of Avantor during the 2nd quarter worth about $32,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Avantor in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $12.00 price target (down previously from $14.00) on shares of Avantor in a report on Thursday, October 30th. UBS Group set a $12.00 price target on Avantor in a research report on Thursday, October 30th. Robert W. Baird boosted their target price on shares of Avantor from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Barclays reiterated an “equal weight” rating and issued a $12.00 price target (down previously from $15.00) on shares of Avantor in a research note on Thursday, October 30th. Finally, Jefferies Financial Group lowered Avantor to an “underperform” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.97.

Avantor Stock Down 0.3%

Shares of AVTR opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.49. Avantor, Inc. has a 52 week low of $10.62 and a 52 week high of $23.32. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of -85.15, a PEG ratio of 3.82 and a beta of 0.93. The stock has a fifty day moving average of $12.25 and a 200-day moving average of $12.79.

Avantor (NYSE:AVTR) last issued its earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $0.26 EPS. Avantor’s revenue for the quarter was down 5.3% on a year-over-year basis. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. As a group, sell-side analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Avantor news, Director Gregory L. Summe purchased 100,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $1,125,000.00. Following the transaction, the director owned 300,000 shares in the company, valued at $3,375,000. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sanjeev K. Mehra purchased 350,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average cost of $11.09 per share, with a total value of $3,881,500.00. Following the purchase, the director directly owned 350,000 shares of the company’s stock, valued at approximately $3,881,500. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by company insiders.

About Avantor

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.