Mackenzie Financial Corp Acquires 747 Shares of Avantor, Inc. (NYSE:AVTR)

Mackenzie Financial Corp lifted its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,610 shares of the company’s stock after purchasing an additional 747 shares during the period. Mackenzie Financial Corp’s holdings in Avantor were worth $1,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Avantor by 125.3% in the fourth quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock worth $28,000 after acquiring an additional 694 shares during the last quarter. CKW Financial Group acquired a new position in Avantor during the 4th quarter worth $55,000. Park Place Capital Corp boosted its position in Avantor by 18.2% in the 3rd quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock valued at $64,000 after buying an additional 467 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Avantor in the 4th quarter valued at $89,000. Finally, Signaturefd LLC raised its position in shares of Avantor by 41.7% during the third quarter. Signaturefd LLC now owns 5,979 shares of the company’s stock worth $126,000 after acquiring an additional 1,759 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Avantor Trading Down 0.7 %

Shares of NYSE:AVTR opened at $25.46 on Thursday. The company has a 50-day simple moving average of $25.05 and a 200 day simple moving average of $22.57. The company has a market capitalization of $17.27 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. Avantor, Inc. has a 52-week low of $16.63 and a 52-week high of $26.16.

Avantor (NYSE:AVTR) last posted its earnings results on Wednesday, February 14th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts forecast that Avantor, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group lifted their price objective on Avantor from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on shares of Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Evercore ISI raised their target price on shares of Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada increased their price objective on Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Avantor presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Insider Activity

In related news, EVP James Bramwell sold 6,203 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the transaction, the executive vice president now owns 101,143 shares in the company, valued at approximately $2,476,992.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

About Avantor

Avantor, Inc engages in the provision of mission-critical products and services to customers in the 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.