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Avantor, Inc. (NYSE:AVTR - Get Rating) hit a new 52-week low on Friday following a dissappointing earnings announcement. The stock traded as low as $27.51 and last traded at $28.34, with a volume of 115577 shares traded. The stock had previously closed at $32.33.

The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Avantor had a net margin of 7.72% and a return on equity of 32.17%. The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The business's revenue for the quarter was up 2.7% on a year-over-year basis. Wall Street Analyst Weigh In

AVTR has been the topic of several analyst reports. Raymond James cut their price target on Avantor from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 18th. The Goldman Sachs Group dropped their target price on Avantor from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th. Evercore ISI dropped their target price on Avantor from $44.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, April 4th. Cowen decreased their price target on shares of Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. Finally, Cowen decreased their price target on shares of Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Avantor presently has an average rating of "Moderate Buy" and a consensus price target of $42.53.Insiders Place Their Bets

In related news, EVP Frederic Vanderhaegen sold 39,000 shares of Avantor stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $31.61, for a total value of $1,232,790.00. Following the sale, the executive vice president now directly owns 126,764 shares in the company, valued at approximately $4,007,010.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Gerard Brophy sold 19,603 shares of the business's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $31.27, for a total transaction of $612,985.81. Following the transaction, the executive vice president now directly owns 96,935 shares of the company's stock, valued at $3,031,157.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frederic Vanderhaegen sold 39,000 shares of Avantor stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $31.61, for a total transaction of $1,232,790.00. Following the completion of the sale, the executive vice president now owns 126,764 shares of the company's stock, valued at $4,007,010.04. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders. Institutional Investors Weigh In On Avantor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Asset Management One Co. Ltd. increased its stake in Avantor by 13.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 250,207 shares of the company's stock worth $7,781,000 after purchasing an additional 30,591 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Avantor by 11.5% during the second quarter. Arizona State Retirement System now owns 170,238 shares of the company's stock worth $5,294,000 after buying an additional 17,557 shares in the last quarter. JB Capital LLC lifted its holdings in shares of Avantor by 4.9% during the second quarter. JB Capital LLC now owns 35,362 shares of the company's stock worth $1,100,000 after buying an additional 1,637 shares in the last quarter. North Star Asset Management Inc. increased its position in shares of Avantor by 4.2% in the second quarter. North Star Asset Management Inc. now owns 171,439 shares of the company's stock worth $5,331,000 after purchasing an additional 6,858 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Avantor by 9.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 81,244 shares of the company's stock valued at $2,526,000 after acquiring an additional 6,755 shares during the last quarter. Institutional investors own 93.24% of the company's stock. Avantor Stock Performance

The stock has a market cap of $17.50 billion, a P/E ratio of 31.35, a PEG ratio of 0.75 and a beta of 1.44. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.80 and a quick ratio of 1.18. The stock has a 50-day simple moving average of $31.04 and a 200-day simple moving average of $32.84. Avantor Company Profile (Get Rating)

Avantor, Inc provides products and services to customers in 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.See AlsoGet a free copy of the StockNews.com research report on Avantor (AVTR)Windfall Profits Have Exxon Mobil On Track For New HighsAdobe Stock, Why some investors are bullish, and others are notWas The Market Wrong On Etsy Again, As Shares Gain Post Earnings?Is Google The Buy Of The Summer?Should CVS Health Be in Your Portfolio?

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