Mutual of America Capital Management LLC Reduces Position in Avantor, Inc. (NYSE:AVTR)

Mutual of America Capital Management LLC decreased its position in shares of Avantor, Inc. (NYSE:AVTR) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 359,529 shares of the company’s stock after selling 7,892 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Avantor worth $7,575,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AVTR. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Avantor by 99.5% during the 4th 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 in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Avantor by 76.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock valued at $52,000 after buying an additional 1,067 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Avantor by 69.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock valued at $53,000 after buying an additional 835 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Avantor by 56.3% during the 4th quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock valued at $63,000 after buying an additional 1,074 shares in the last quarter. Finally, CKW Financial Group lifted its stake in shares of Avantor by 116.7% during the 4th quarter. CKW Financial Group now owns 5,200 shares of the company’s stock valued at $110,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group restated a “neutral” rating and set a $25.00 target price (down previously from $29.00) on shares of Avantor in a research note on Friday, January 17th. Barclays reduced their price target on shares of Avantor from $26.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Stifel Nicolaus reduced their price target on shares of Avantor from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Raymond James reiterated an “outperform” rating and issued a $24.00 price target (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Avantor has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Insider Transactions at Avantor

In related news, EVP James Bramwell sold 3,758 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $65,877.74. Following the transaction, the executive vice president now directly owns 87,379 shares in the company, valued at approximately $1,531,753.87. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $86,019.71. Following the transaction, the chief accounting officer now owns 40,604 shares in the company, valued at $711,788.12. The trade was a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Avantor Stock Performance

Avantor stock opened at $16.71 on Monday. The company’s 50-day moving average price is $20.51 and its 200-day moving average price is $22.65. Avantor, Inc. has a twelve month low of $16.41 and a twelve month high of $28.00. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.37 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.28.

Avantor (NYSE:AVTR) last posted its earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Avantor had a net margin of 10.49% and a return on equity of 12.17%. During the same period in the prior year, the firm posted $0.22 EPS. On average, equities research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

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.