Private Advisor Group LLC Purchases New Position in Avantor, Inc. (NYSE:AVTR)

Private Advisor Group LLC acquired a new stake in Avantor, Inc. (NYSE:AVTR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,632 shares of the company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings 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 buying an additional 8,211 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of Avantor during the first quarter valued at approximately $1,318,000. Panagora Asset Management Inc. lifted its stake 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 valued at $645,000 after buying an additional 7,710 shares during the period. Yousif Capital Management LLC lifted its stake 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 valued at $300,000 after buying an additional 650 shares during the period. Finally, Raymond James Trust N.A. increased its position 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 during the last quarter. 89.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVTR has been the subject of several recent research reports. Raymond James dropped their price objective on shares of Avantor from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, July 31st. Morgan Stanley dropped their price objective on shares of Avantor from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, July 31st. Bank of America lowered their price target on shares of Avantor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Sunday, July 30th. Robert W. Baird lowered their price target on shares of Avantor from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, July 31st. Finally, Barclays increased their price objective on shares of Avantor from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Avantor has an average rating of “Moderate Buy” and an average price target of $27.12.

Avantor Stock Performance

Shares of AVTR opened at $21.70 on Tuesday. Avantor, Inc. has a one year low of $17.91 and a one year high of $26.26. The company has a 50-day moving average of $21.20 and a two-hundred day moving average of $21.10. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.23 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.61 and a quick ratio of 1.04.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. Avantor had a return on equity of 17.00% and a net margin of 5.89%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. On average, equities research analysts expect that Avantor, Inc. will post 1.07 earnings per share for the current year.

Insider Activity at Avantor

In related news, EVP Frederic Vanderhaegen sold 25,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $21.47, for a total value of $536,750.00. Following the sale, the executive vice president now owns 160,735 shares of the company’s stock, valued at approximately $3,450,980.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Avantor Company Profile

Avantor, Inc engages in the provision of mission-critical 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.