Cwm LLC Sells 771 Shares of Avantor, Inc. (NYSE:AVTR)

Cwm LLC decreased its position in Avantor, Inc. (NYSE:AVTRGet Rating) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,477 shares of the company’s stock after selling 771 shares during the quarter. Cwm LLC’s holdings in Avantor were worth $127,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in Avantor by 43.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,092 shares of the company’s stock worth $916,000 after purchasing an additional 8,211 shares during the period. MetLife Investment Management LLC bought a new stake in Avantor during the first quarter worth approximately $1,318,000. Panagora Asset Management Inc. boosted its position in Avantor by 67.9% during the first quarter. Panagora Asset Management Inc. now owns 19,061 shares of the company’s stock worth $645,000 after purchasing an additional 7,710 shares during the period. Yousif Capital Management LLC boosted its position in shares of Avantor by 7.9% in the first quarter. Yousif Capital Management LLC now owns 8,870 shares of the company’s stock valued at $300,000 after acquiring an additional 650 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of Avantor by 28.8% in the first quarter. Raymond James Trust N.A. now owns 7,342 shares of the company’s stock valued at $248,000 after acquiring an additional 1,643 shares during the period. Institutional investors own 88.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AVTR shares. Citigroup reduced their price objective on Avantor from $28.00 to $25.00 in a research report on Monday, October 31st. Barclays reduced their target price on Avantor from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, October 31st. Deutsche Bank Aktiengesellschaft started coverage on Avantor in a research report on Tuesday, December 13th. They set a “hold” rating and a $24.00 price target on the stock. The Goldman Sachs Group dropped their price target on Avantor from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, October 13th. Finally, Raymond James dropped their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Avantor has an average rating of “Moderate Buy” and a consensus target price of $28.47.

Avantor Stock Performance

Shares of NYSE AVTR opened at $22.10 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 1.29. Avantor, Inc. has a 12 month low of $17.91 and a 12 month high of $38.83. The stock has a 50 day moving average of $21.19 and a 200-day moving average of $23.61. The company has a market capitalization of $14.90 billion, a P/E ratio of 23.51 and a beta of 1.36.

Avantor (NYSE:AVTRGet Rating) last issued its earnings results on Friday, October 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. Avantor had a return on equity of 24.67% and a net margin of 8.38%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities research analysts predict that Avantor, Inc. will post 1.39 EPS for the current year.

Insider Activity at Avantor

In other news, CFO Thomas A. Szlosek purchased 12,500 shares of Avantor stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average cost of $20.71 per share, for a total transaction of $258,875.00. Following the purchase, the chief financial officer now directly owns 35,668 shares of the company’s stock, valued at approximately $738,684.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Stubblefield bought 15,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of $20.95 per share, for a total transaction of $314,250.00. Following the transaction, the chief executive officer now owns 429,500 shares in the company, valued at approximately $8,998,025. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas A. Szlosek bought 12,500 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were bought at an average price of $20.71 per share, with a total value of $258,875.00. Following the completion of the transaction, the chief financial officer now owns 35,668 shares in the company, valued at approximately $738,684.28. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate 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.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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