Fifth Third Bancorp Cuts Stock Holdings in Avantor, Inc. (NYSE:AVTR)

Fifth Third Bancorp cut its stake in Avantor, Inc. (NYSE:AVTRGet Rating) by 99.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,449 shares of the company’s stock after selling 194,930 shares during the period. Fifth Third Bancorp’s holdings in Avantor were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AVTR. Allianz Asset Management GmbH increased its holdings in Avantor by 43.5% in the second quarter. Allianz Asset Management GmbH now owns 12,708,479 shares of the company’s stock valued at $395,233,000 after buying an additional 3,854,096 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Avantor by 3.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 86,156,553 shares of the company’s stock valued at $2,679,469,000 after buying an additional 3,164,276 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Avantor by 184.4% in the second quarter. Point72 Asset Management L.P. now owns 4,315,143 shares of the company’s stock valued at $134,201,000 after buying an additional 2,797,974 shares in the last quarter. Samlyn Capital LLC increased its holdings in Avantor by 54.0% in the second quarter. Samlyn Capital LLC now owns 7,750,313 shares of the company’s stock valued at $241,035,000 after buying an additional 2,717,931 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Avantor by 301.4% in the second quarter. Deutsche Bank AG now owns 3,011,996 shares of the company’s stock valued at $93,673,000 after buying an additional 2,261,686 shares in the last quarter. 88.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Avantor

In related news, CEO Michael Stubblefield purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $20.95 per share, for a total transaction of $314,250.00. Following the acquisition, the chief executive officer now directly owns 429,500 shares in the company, valued at $8,998,025. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Avantor news, CFO Thomas A. Szlosek bought 12,500 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average price of $20.71 per share, with a total value of $258,875.00. Following the purchase, the chief financial officer now owns 35,668 shares in the company, valued at approximately $738,684.28. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Stubblefield bought 15,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average cost of $20.95 per share, for a total transaction of $314,250.00. Following the purchase, the chief executive officer now owns 429,500 shares in the company, valued at approximately $8,998,025. The disclosure for this purchase can be found here. 2.00% of the stock is owned by company insiders.

Avantor Stock Down 0.1 %

Shares of AVTR opened at $22.10 on Friday. The firm has a market cap of $14.90 billion, a PE ratio of 23.51 and a beta of 1.36. The company’s fifty day moving average is $21.14 and its two-hundred day moving average is $23.72. Avantor, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $38.83. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 1.29.

Avantor (NYSE:AVTRGet Rating) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. Avantor had a net margin of 8.38% and a return on equity of 24.67%. Avantor’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. Analysts forecast that Avantor, Inc. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

AVTR has been the subject of a number of research analyst reports. Robert W. Baird dropped their target price on shares of Avantor from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Monday, October 31st. TheStreet lowered shares of Avantor from a “b-” rating to a “c+” rating in a research report on Wednesday, September 21st. UBS Group lowered their price target on shares of Avantor to $33.00 in a research report on Friday, November 4th. Stifel Nicolaus lowered their price target on shares of Avantor from $35.00 to $28.00 in a research report on Monday, September 19th. Finally, Barclays lowered their price target on shares of Avantor from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.47.

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.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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