IFP Advisors Inc Cuts Stake in Avantor, Inc. (NYSE:AVTR)

IFP Advisors Inc cut its stake in Avantor, Inc. (NYSE:AVTR – Get Rating) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,618 shares of the company’s stock after selling 577 shares during the quarter. IFP Advisors Inc’s holdings in Avantor were worth $38,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of 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 acquiring an additional 8,211 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Avantor in the first quarter valued at approximately $1,318,000. Panagora Asset Management Inc. boosted its position in shares of 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 buying an additional 7,710 shares during the period. Yousif Capital Management LLC boosted its position in shares of Avantor by 7.9% during the first quarter. Yousif Capital Management LLC now owns 8,870 shares of the company’s stock worth $300,000 after buying an additional 650 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in Avantor by 28.8% during the first quarter. Raymond James Trust N.A. now owns 7,342 shares of the company’s stock worth $248,000 after purchasing an additional 1,643 shares in the last quarter. 88.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Christophe Couturier sold 3,078 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $24.24, for a total value of $74,610.72. Following the completion of the sale, the executive vice president now directly owns 94,370 shares of the company’s stock, valued at approximately $2,287,528.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Gerard Brophy sold 3,914 shares of Avantor stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $25.00, for a total transaction of $97,850.00. Following the completion of the sale, the executive vice president now directly owns 108,715 shares in the company, valued at $2,717,875. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christophe Couturier sold 3,078 shares of Avantor stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $24.24, for a total value of $74,610.72. Following the completion of the sale, the executive vice president now owns 94,370 shares of the company’s stock, valued at $2,287,528.80. The disclosure for this sale can be found here. Insiders have sold a total of 8,490 shares of company stock worth $204,188 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Avantor Price Performance

AVTR opened at $20.85 on Friday. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 22.66 and a beta of 1.33. The company has a quick ratio of 1.03, a current ratio of 1.57 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $21.63. Avantor, Inc. has a twelve month low of $17.91 and a twelve month high of $33.48.

Avantor (NYSE:AVTR – Get Rating) last announced its earnings results on Friday, April 28th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Avantor had a net margin of 8.41% and a return on equity of 18.81%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business posted $0.38 earnings per share. Avantor’s revenue for the quarter was down 8.7% on a year-over-year basis. Equities analysts expect that Avantor, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on AVTR. Citigroup upped their price target on Avantor from $25.00 to $30.00 and gave the company a “buy” rating in a report on Monday, February 6th. 888 restated a “maintains” rating on shares of Avantor in a report on Monday, May 1st. Raymond James upped their price objective on shares of Avantor from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, February 6th. Robert W. Baird decreased their price objective on shares of Avantor from $27.00 to $24.00 in a report on Monday, May 1st. Finally, Bank of America decreased their price objective on shares of Avantor from $30.00 to $27.00 in a report on Sunday, April 30th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Avantor has an average rating of “Moderate Buy” and a consensus price target of $28.75.

Avantor Profile

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Avantor, Inc engages in providing mission critical products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. It sells materials, equipment, instrumentation, and offers specialty procurement. The firm operates through the following segments: the Americas, Europe, and AMEA.