KBC Group NV Trims Position in Avantor, Inc. (NYSE:AVTR)

KBC Group NV trimmed its position in shares of Avantor, Inc. (NYSE:AVTRFree Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,775 shares of the company’s stock after selling 1,183 shares during the period. KBC Group NV’s holdings in Avantor were worth $1,068,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. APG Asset Management US Inc. bought a new stake in Avantor during the fourth quarter valued at about $2,971,000. Condor Capital Management raised its stake in Avantor by 3.3% during the 4th quarter. Condor Capital Management now owns 90,124 shares of the company’s stock valued at $2,058,000 after purchasing an additional 2,921 shares during the period. Bank of Nova Scotia lifted its holdings in Avantor by 103.3% in the 4th quarter. Bank of Nova Scotia now owns 32,575 shares of the company’s stock worth $744,000 after purchasing an additional 16,551 shares in the last quarter. Otter Creek Advisors LLC boosted its stake in Avantor by 489.7% in the 4th quarter. Otter Creek Advisors LLC now owns 235,900 shares of the company’s stock worth $5,385,000 after purchasing an additional 195,897 shares during the period. Finally, TFO Wealth Partners LLC grew its holdings in Avantor by 203,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $46,000 after buying an additional 2,031 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Trading Down 0.2 %

AVTR stock opened at $24.01 on Friday. Avantor, Inc. has a 12 month low of $16.63 and a 12 month high of $26.16. The firm’s 50-day moving average is $24.67 and its 200 day moving average is $23.68. The company has a market capitalization of $16.31 billion, a PE ratio of 61.56, a P/E/G ratio of 2.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.05.

Avantor (NYSE:AVTRGet Free Report) last posted its quarterly earnings results 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 3.79% and a return on equity of 13.01%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. On average, research analysts anticipate that Avantor, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on AVTR shares. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada upped 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. Robert W. Baird cut their target price on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Evercore ISI boosted their price target on shares of Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, UBS Group lifted their price objective on shares of Avantor from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.71.

Get Our Latest Stock Report on Avantor

Avantor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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