Dark Forest Capital Management LP Invests $10.06 Million in Avantor, Inc. (NYSE:AVTR)

Dark Forest Capital Management LP purchased a new stake in Avantor, Inc. (NYSE:AVTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 474,414 shares of the company’s stock, valued at approximately $10,058,000. Avantor accounts for approximately 1.8% of Dark Forest Capital Management LP’s investment portfolio, making the stock its 4th biggest position. Dark Forest Capital Management LP owned about 0.07% of Avantor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVTR. Versant Capital Management Inc increased its holdings in shares of Avantor by 2,003.6% during the second quarter. Versant Capital Management Inc now owns 1,157 shares of the company’s stock worth $25,000 after purchasing an additional 1,102 shares during the period. Blue Trust Inc. increased its stake in Avantor by 1,830.3% during the 2nd quarter. Blue Trust Inc. now owns 1,467 shares of the company’s stock worth $31,000 after acquiring an additional 1,391 shares during the period. TFO Wealth Partners LLC raised its holdings in Avantor by 203,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $46,000 after acquiring an additional 2,031 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Avantor during the 1st quarter valued at $93,000. Finally, ORG Partners LLC grew its holdings in shares of Avantor by 5,773.0% during the 2nd quarter. ORG Partners LLC now owns 5,873 shares of the company’s stock worth $122,000 after purchasing an additional 5,773 shares in the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Stock Down 3.3 %

Shares of NYSE AVTR opened at $25.67 on Thursday. The company has a 50 day simple moving average of $25.26 and a 200 day simple moving average of $24.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.59 and a quick ratio of 1.05. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $28.00. The firm has a market cap of $17.45 billion, a PE ratio of 65.81, a price-to-earnings-growth ratio of 2.71 and a beta of 1.32.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Friday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Avantor had a net margin of 5.28% and a return on equity of 12.40%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. On average, research analysts forecast that Avantor, Inc. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Steven W. Eck sold 3,525 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $25.06, for a total transaction of $88,336.50. Following the completion of the transaction, the chief accounting officer now directly owns 29,544 shares in the company, valued at $740,372.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AVTR shares. Morgan Stanley boosted their price target on Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Citigroup lowered shares of Avantor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $23.00 in a research report on Wednesday, July 10th. Barclays boosted their price objective on shares of Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Stifel Nicolaus raised their target price on Avantor from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen boosted their price target on Avantor from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, July 29th. 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.40.

Avantor Profile

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.