Allspring Global Investments Holdings LLC Sells 204,369 Shares of Avantor, Inc. (NYSE:AVTR)

Allspring Global Investments Holdings LLC lowered its stake in shares of Avantor, Inc. (NYSE:AVTR) by 95.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,505 shares of the company’s stock after selling 204,369 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Avantor were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its holdings in Avantor by 125.3% in the 4th quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock valued at $28,000 after buying an additional 694 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Avantor by 4.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,040 shares of the company’s stock worth $380,000 after acquiring an additional 800 shares during the period. Lmcg Investments LLC raised its stake in Avantor by 2.1% during the 3rd quarter. Lmcg Investments LLC now owns 41,418 shares of the company’s stock valued at $873,000 after purchasing an additional 853 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Avantor by 6.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,882 shares of the company’s stock valued at $335,000 after purchasing an additional 977 shares during the period. Finally, Graypoint LLC increased its holdings in shares of Avantor by 4.9% during the 3rd quarter. Graypoint LLC now owns 23,099 shares of the company’s stock worth $487,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Evercore ISI increased their target price on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Robert W. Baird boosted their price objective on Avantor from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price target on shares of Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Citigroup boosted their price target on shares of Avantor from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada upped their target price on shares of Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.71.

Insider Buying and Selling

In other Avantor news, EVP James Bramwell sold 6,203 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the transaction, the executive vice president now owns 101,143 shares of the company’s stock, valued at approximately $2,476,992.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Avantor Stock Performance

Shares of NYSE:AVTR opened at $23.94 on Friday. The business has a fifty day moving average of $25.08 and a 200-day moving average of $22.62. 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 twelve month low of $16.63 and a twelve month high of $26.16. The firm has a market cap of $16.24 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company posted $0.29 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts predict that Avantor, Inc. will post 1.01 EPS for the current fiscal year.

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.