Public Employees Retirement System of Ohio Purchases Shares of 187,865 Avantor, Inc. $AVTR

Public Employees Retirement System of Ohio purchased a new stake in Avantor, Inc. (NYSE:AVTR) during the second quarter, Holdings Channel reports. The firm purchased 187,865 shares of the company’s stock, valued at approximately $1,860,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Avantor during the 2nd quarter worth approximately $695,784,000. Wellington Management Group LLP acquired a new stake in Avantor in the fourth quarter valued at approximately $268,584,000. Engine Capital Management LP boosted its stake in Avantor by 65.8% in the first quarter. Engine Capital Management LP now owns 19,780,830 shares of the company’s stock valued at $155,082,000 after acquiring an additional 7,853,018 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Avantor in the second quarter worth $195,386,000. Finally, Morgan Stanley grew its holdings in Avantor by 179.4% in the fourth quarter. Morgan Stanley now owns 17,468,418 shares of the company’s stock worth $200,188,000 after purchasing an additional 11,216,565 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Trading Down 0.1%

NYSE AVTR opened at $14.96 on Monday. The company has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $9.94. The stock has a market cap of $10.12 billion, a P/E ratio of -17.81, a P/E/G ratio of 11.30 and a beta of 0.89. Avantor, Inc. has a 12-month low of $7.26 and a 12-month high of $15.93. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.65.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.61 billion. Avantor had a negative net margin of 8.81% and a positive return on equity of 9.92%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts forecast that Avantor, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on AVTR shares. Barclays increased their price objective on Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, June 24th. Stifel Nicolaus boosted their target price on Avantor from $8.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Wolfe Research raised Avantor from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. TD Cowen reiterated a “hold” rating on shares of Avantor in a research note on Wednesday, July 15th. Finally, Morgan Stanley raised their price target on Avantor from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Avantor currently has a consensus rating of “Hold” and an average target price of $12.00.

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.