Envestnet Asset Management Inc. Sells 1,399 Shares of Avantor, Inc. (NYSE:AVTR)

Envestnet Asset Management Inc. trimmed its holdings in Avantor, Inc. (NYSE:AVTRGet Rating) by 0.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 462,616 shares of the company’s stock after selling 1,399 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Avantor were worth $15,646,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Baird Financial Group Inc. raised its holdings in shares of Avantor by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 18,115 shares of the company’s stock valued at $763,000 after buying an additional 290 shares during the last quarter. Corbett Road Capital Management LLC raised its holdings in shares of Avantor by 2.9% in the fourth quarter. Corbett Road Capital Management LLC now owns 12,711 shares of the company’s stock valued at $536,000 after buying an additional 358 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Avantor by 17.9% in the first quarter. Signaturefd LLC now owns 2,370 shares of the company’s stock valued at $80,000 after buying an additional 359 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Avantor by 0.5% in the fourth quarter. ClariVest Asset Management LLC now owns 120,705 shares of the company’s stock valued at $5,087,000 after buying an additional 600 shares during the last quarter. Finally, Capital Advisors Ltd. LLC bought a new position in shares of Avantor in the fourth quarter valued at about $29,000. 93.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AVTR shares. Cowen lowered their price objective on Avantor from $50.00 to $44.00 in a research report on Tuesday, April 19th. Cowen lowered their price objective on Avantor from $50.00 to $44.00 in a research report on Tuesday, April 19th. William Blair reiterated an “outperform” rating on shares of Avantor in a research report on Friday, April 29th. Wells Fargo & Company lowered their price objective on Avantor from $42.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Finally, Citigroup lowered their price objective on Avantor from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.92.

Avantor Price Performance

Shares of AVTR opened at $28.55 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.18 and a current ratio of 1.64. The stock has a 50 day simple moving average of $30.80 and a 200 day simple moving average of $32.52. Avantor, Inc. has a 52-week low of $27.50 and a 52-week high of $44.37. The firm has a market capitalization of $19.24 billion, a PE ratio of 30.70, a P/E/G ratio of 0.72 and a beta of 1.30.

Avantor (NYSE:AVTRGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Avantor had a net margin of 8.27% and a return on equity of 27.14%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Avantor’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Avantor, Inc. will post 1.45 EPS for the current fiscal year.

Insider Activity at Avantor

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

Avantor Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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