First Trust Advisors LP Has $11.91 Million Holdings in Avantor, Inc. (NYSE:AVTR)

First Trust Advisors LP cut its position in Avantor, Inc. (NYSE:AVTR – Get Rating) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 564,524 shares of the company’s stock after selling 218,306 shares during the period. First Trust Advisors LP owned 0.08% of Avantor worth $11,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVTR. Gladius Capital Management LP acquired a new position in shares of Avantor during the fourth quarter worth approximately $36,000. Nisa Investment Advisors LLC lifted its position in shares of Avantor by 794.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,120 shares of the company’s stock worth $42,000 after purchasing an additional 1,883 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Avantor during the fourth quarter worth approximately $58,000. EverSource Wealth Advisors LLC lifted its position in shares of Avantor by 87.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,789 shares of the company’s stock worth $59,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Avantor by 52.4% during the third quarter. Signaturefd LLC now owns 4,691 shares of the company’s stock worth $92,000 after purchasing an additional 1,612 shares in the last quarter. 88.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Avantor news, EVP Christophe Couturier sold 1,498 shares of Avantor stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $21.18, for a total value of $31,727.64. Following the sale, the executive vice president now directly owns 98,650 shares in the company, valued at approximately $2,089,407. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Avantor news, EVP Christophe Couturier sold 1,498 shares of Avantor stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $21.18, for a total value of $31,727.64. Following the sale, the executive vice president now directly owns 98,650 shares in the company, valued at approximately $2,089,407. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gerard Brophy sold 3,914 shares of Avantor stock in a transaction on Friday, March 3rd. The shares were 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 owns 108,715 shares in the company, valued at $2,717,875. The disclosure for this sale can be found here. Insiders have sold a total of 8,490 shares of company stock worth $204,188 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

AVTR has been the topic of several analyst reports. Barclays cut their price objective on shares of Avantor from $25.00 to $22.00 in a report on Monday, May 1st. Citigroup increased their price objective on shares of 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. Wells Fargo & Company increased their price objective on shares of Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Bank of America cut their price objective on shares of Avantor from $30.00 to $27.00 in a report on Sunday, April 30th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Avantor Trading Up 0.2 %

Shares of NYSE:AVTR opened at $20.88 on Wednesday. Avantor, Inc. has a 12 month low of $17.91 and a 12 month high of $33.48. 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 company’s fifty day simple moving average is $20.56 and its 200 day simple moving average is $21.68. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 22.70 and a beta of 1.33.

Avantor (NYSE:AVTR – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, research analysts forecast that Avantor, Inc. will post 1.29 EPS for the current fiscal year.

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.