T. Rowe Price Associates, Inc. (I.. recently announced the acquisition of new stake in Avantor Inc. (NYSE:AVTR). The institutional investor has increased its shareholding in the Basic Materials company by 0.54% to 62.31 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 10.81% valued currently at $1.38 billion. In addition, The Vanguard Group, Inc. raised its holdings by 4.16 million to 35.5 million shares. And Invesco Advisers, Inc. has lifted its position by 84.25% or 11.6 million shares – to 25.38 million shares.
With over 4.34 million Avantor Inc. (AVTR) shares trading Tuesday and a closing price of $22.57 on the day, the dollar volume was approximately $98.0 million. The shares have shown a positive weekly performance of 3.34% and its price on 09/01/20 lost nearly 0.00%. Currently, there are 575.60M common shares owned by the public and among those 467.72M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for AVTR have a consensus price objective of $23.79. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $20.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Avantor Inc. stock is 1.80 for the next 12 months. The average price target is 5.21% above its last price level and an upside to the estimated low will see the stock lose -12.85% over that period. But an upside of 22.17% will see the stock hit the forecast high price target while mean target price for the stock is $24.00.
Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 2,295,929 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 62,557,221 shares.
The top 3 mutual fund holders in Avantor Inc. are T Rowe Price Mid Cap Growth Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. T Rowe Price Mid Cap Growth Fund owns 11.5 million shares of the company’s stock, all valued at over $253.92 million. The company bought an additional 8300.0 shares recently to bring their total holdings to about 2.00% of the shares outstanding. Vanguard Total Stock Market Index sold 44592.0 shares to see its total holdings shrink to 11.44 million shares valued at over $252.66 million and representing 1.99% of the shares outstanding. Vanguard Small Cap Index Fund sold 71020.0 shares to bring its total holdings to over 10.01 million shares at a value of $220.93 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.74% of the shares outstanding.
Shares of Avantor Inc. (NYSE: AVTR) opened at $22.58, up $0.01 from a prior closing price of $22.57. However, the script later closed the day at $22.57, down 0.00%. The company’s stock has a 5-day price change of 3.34% and 17.31% over the past three months. AVTR shares are trading 24.35% year to date (YTD), with the 12-month market performance up to 30.76% higher. It has a 12-month low price of $6.66 and touched a high of $22.95 over the same period. Currently, 4.34 million shares have been traded, compared to an average intraday trading volume of 4.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.13%, 14.41%, and 30.96% respectively.
Institutional ownership of Avantor Inc. (NYSE: AVTR) shares accounts for 84.20% of the company’s 575.60M shares outstanding. Mutual fund holders own 31.06%, while other institutional holders and individual stakeholders account for 44.98% and 21.74% respectively.
It has a market capitalization of $12.93B. The stock’s trailing 12-month PE ratio is 96.45, while the earnings-per-share (ttm) stands at $0.23. The company has a PEG of 4.29 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 3.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.00% over the week and 3.56% over the month.
Analysts forecast that Avantor Inc. (AVTR) will achieve an EPS of $0.21 for the current quarter, $0.22 for the next quarter and $0.99 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -36.50%, and 25.79% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Avantor Inc. (AVTR) as a “Strong Buy” at a consensus score of 1.80. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 3 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AVTR, a number of firms have released research notes about the stock. Cleveland Research stated their Buy rating for the stock in a research note on July 15, 2020, with the firm’s price target at. Wells Fargo coverage for the Avantor Inc. (AVTR) stock in a research note released on January 08, 2020 offered a Overweight rating with a price target of $22. Citigroup was of a view on January 07, 2020 that the stock is Buy, while Stifel gave the stock Hold rating on November 15, 2019, issuing a price target of. Cleveland Research on their part issued Neutral rating on August 02, 2019.