Short Interest in Avantor, Inc. (NYSE:AVTR) Declines By 8.9%

Avantor, Inc. (NYSE:AVTR) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 24,520,000 shares, a drop of 8.9% from the November 30th total of 26,930,000 shares. Based on an average daily volume of 5,960,000 shares, the days-to-cover ratio is presently 4.1 days.

Avantor Stock Down 0.0 %

Shares of AVTR stock traded down $0.01 during trading hours on Wednesday, reaching $21.07. 2,308,260 shares of the company’s stock were exchanged, compared to its average volume of 6,358,581. Avantor has a 1 year low of $19.59 and a 1 year high of $28.00. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.84. The stock has a market cap of $14.34 billion, a PE ratio of 45.80, a PEG ratio of 2.75 and a beta of 1.29. The stock’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $23.34.

Institutional Trading of Avantor

Several large investors have recently bought and sold shares of AVTR. Public Employees Retirement System of Ohio lifted its stake in shares of Avantor by 34.1% during the third quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company’s stock worth $8,972,000 after buying an additional 88,205 shares during the period. Sound Shore Management Inc. CT purchased a new position in Avantor in the 2nd quarter worth $76,412,000. Seven Eight Capital LP acquired a new stake in Avantor during the 2nd quarter worth about $642,000. New York State Teachers Retirement System acquired a new stake in Avantor during the 3rd quarter worth about $8,473,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Avantor by 45.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 723,178 shares of the company’s stock valued at $18,708,000 after purchasing an additional 227,200 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AVTR has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a research report on Thursday, September 26th. Barclays lowered their price target on Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company decreased their target price on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, October 28th. Finally, UBS Group cut their price objective on shares of Avantor from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Avantor has an average rating of “Moderate Buy” and an average target price of $27.69.

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.