Avantor Inc. (NYSE:AVTR) has a beta value of 1.37 and has seen 2.15 million shares traded in the recent trading session. The company, currently valued at $17.33B, closed the recent trade at $25.56 per share which meant it gained $0.1 on the day or 0.37% during that session. The AVTR stock price is -1.13% off its 52-week high price of $25.85 and 34.94% above the 52-week low of $16.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.54 million shares traded. The 3-month trading volume is 6.07 million shares.
Avantor Inc. (NYSE:AVTR) trade information
Sporting 0.37% in the green today, the stock has traded in the green over the last five days, when the AVTR stock price touched $25.56 or saw a rise of 0.31%. Year-to-date, Avantor Inc. shares have moved 11.94%, while the 5-day performance has seen it change 0.65%. Over the past 30 days, the shares of Avantor Inc. (NYSE:AVTR) have changed 6.26%. Short interest in the company has seen 25.41 million shares shorted with days to cover at 3.56.
Avantor Inc. (AVTR) estimates and forecasts
Figures show that Avantor Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 18.42% over the past 6 months, with this year growth rate of -4.72%, compared to 14.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -31.00% and -14.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -0.10%.
15 analysts offering their estimates for the company have set an average revenue estimate of $1.68 billion for the current quarter. 15 have an estimated revenue figure of $1.72 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.78 billion and $1.74 billion respectively for this quarter and the next, and analysts expect sales will shrink by -5.60% for the current quarter and -1.20% for the next.
Earnings growth for 2024 is a modest -5.29% while over the next 5 years, the company’s earnings are expected to increase by 9.10%.
AVTR Dividends
Avantor Inc. is expected to release its next earnings report between April 26 and April 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Avantor Inc. (NYSE:AVTR)’s Major holders
Insiders own 0.50% of the company shares, while shares held by institutions stand at 97.64% with a share float percentage of 98.13%. Investors are also buoyed by the number of investors in a company, with Avantor Inc. having a total of 686 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 65.34 million shares worth more than $1.67 billion. As of Dec 30, 2023, Vanguard Group Inc held 9.63% of shares outstanding.
The other major institutional holder is Dodge & Cox Inc, with the holding of over 61.2 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $1.56 billion and represent 9.02% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of Dec 30, 2023, the former fund manager holds about 5.97% shares in the company for having 40.46 million shares of worth $1.03 billion while later fund manager owns 21.18 million shares of worth $540.94 million as of Dec 30, 2023, which makes it owner of about 3.12% of company’s outstanding stock.
