Retirement Systems of Alabama Makes New Investment in Avantor, Inc. (NYSE:AVTR)

Retirement Systems of Alabama acquired a new stake in Avantor, Inc. (NYSE:AVTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 825,842 shares of the company’s stock, valued at approximately $21,365,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AVTR. Blue Trust Inc. raised its position in shares of Avantor by 1,830.3% during the 2nd quarter. Blue Trust Inc. now owns 1,467 shares of the company’s stock worth $31,000 after purchasing an additional 1,391 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Avantor during the third quarter valued at approximately $49,000. Nisa Investment Advisors LLC lifted its position in shares of Avantor by 69.6% in the third quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock valued at $53,000 after acquiring an additional 835 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Avantor by 89.9% in the third quarter. GAMMA Investing LLC now owns 2,715 shares of the company’s stock worth $70,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Avantor by 278.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,031 shares of the company’s stock worth $130,000 after purchasing an additional 3,700 shares in the last quarter. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays decreased their price objective on Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target on shares of Avantor in a research report on Thursday, September 26th. UBS Group cut their price objective on shares of Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Wells Fargo & Company lowered their target price on Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.69.

Avantor Price Performance

AVTR stock opened at $22.33 on Friday. Avantor, Inc. has a 52-week low of $19.59 and a 52-week high of $28.00. The business has a fifty day moving average of $22.47 and a two-hundred day moving average of $23.53. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.29. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.84.

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.