TD Asset Management Inc Sells 904,361 Shares of Avantor, Inc. $AVTR

TD Asset Management Inc lowered its position in Avantor, Inc. (NYSE:AVTR) by 26.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,463,084 shares of the company’s stock after selling 904,361 shares during the period. TD Asset Management Inc’s holdings in Avantor were worth $30,739,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AXQ Capital LP bought a new position in Avantor during the 3rd quarter valued at about $515,000. OneDigital Investment Advisors LLC purchased a new position in shares of Avantor during the third quarter valued at approximately $277,000. Brickwood Asset Management LLP bought a new position in shares of Avantor during the third quarter valued at approximately $568,000. Ontario Teachers Pension Plan Board bought a new position in shares of Avantor during the third quarter valued at approximately $3,678,000. Finally, CenterBook Partners LP raised its holdings in shares of Avantor by 15.6% in the third quarter. CenterBook Partners LP now owns 145,913 shares of the company’s stock worth $1,821,000 after buying an additional 19,744 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Avantor

In other news, Director Gregory L. Summe bought 100,000 shares of the stock in a transaction on Thursday, February 12th. The stock was bought at an average cost of $9.40 per share, for a total transaction of $940,000.00. Following the completion of the purchase, the director directly owned 400,000 shares in the company, valued at approximately $3,760,000. The trade was a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory T. Lucier purchased 50,000 shares of Avantor stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $9.16 per share, for a total transaction of $458,000.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately $458,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 500,000 shares of company stock valued at $5,279,500 in the last 90 days. Insiders own 1.20% of the company’s stock.

Avantor Trading Up 0.5%

Shares of NYSE:AVTR opened at $9.05 on Friday. The company has a market capitalization of $6.18 billion, a PE ratio of -11.61, a P/E/G ratio of 3.55 and a beta of 0.94. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.70. Avantor, Inc. has a 12-month low of $8.78 and a 12-month high of $18.02. The business’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $12.01.

Avantor (NYSE:AVTR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. Avantor had a positive return on equity of 10.45% and a negative net margin of 8.09%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Avantor has set its FY 2026 guidance at 0.770-0.830 EPS. As a group, equities research analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research lowered Avantor from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Barclays decreased their price objective on shares of Avantor from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, February 12th. Wells Fargo & Company lowered their price target on Avantor from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $8.00 target price on shares of Avantor in a research report on Thursday, February 12th. Finally, Raymond James Financial lowered Avantor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.83.

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.