Avantor, Inc. (NYSE:AVTR) Stake Raised by Farallon Capital Management LLC

Farallon Capital Management LLC grew its holdings in shares of Avantor, Inc. (NYSE:AVTRGet Rating) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,807,112 shares of the company’s stock after buying an additional 164,254 shares during the period. Farallon Capital Management LLC’s holdings in Avantor were worth $128,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Avantor by 0.9% during the first quarter. Vanguard Group Inc. now owns 50,759,035 shares of the company’s stock valued at $1,716,671,000 after buying an additional 439,147 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Avantor by 9.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 24,950,296 shares of the company’s stock valued at $1,051,405,000 after buying an additional 2,251,340 shares during the last quarter. Boston Partners raised its holdings in shares of Avantor by 4.3% during the first quarter. Boston Partners now owns 19,771,940 shares of the company’s stock valued at $668,176,000 after buying an additional 806,442 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Avantor by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 7,451,585 shares of the company’s stock valued at $313,574,000 after buying an additional 482,461 shares during the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of Avantor by 20.6% during the first quarter. Parnassus Investments LLC now owns 7,112,960 shares of the company’s stock valued at $240,560,000 after buying an additional 1,213,183 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Avantor Trading Up 0.8 %

Avantor stock opened at $26.04 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.64. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. Avantor, Inc. has a 1 year low of $24.32 and a 1 year high of $44.37. The firm’s 50 day moving average price is $28.25 and its two-hundred day moving average price is $30.73.

Avantor (NYSE:AVTRGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Avantor had a return on equity of 27.14% and a net margin of 8.27%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts predict that Avantor, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVTR has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Avantor from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday. Raymond James lowered their price objective on shares of Avantor from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Evercore ISI lowered their price objective on shares of Avantor to $35.00 in a research note on Tuesday, August 9th. The Goldman Sachs Group lowered their price objective on shares of Avantor from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Finally, Cowen lowered their price objective on shares of Avantor to $39.00 in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Avantor has a consensus rating of “Moderate Buy” and a consensus price target of $35.36.

Avantor 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.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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