UMB Bank n.a. Has $115,000 Stock Holdings in Avantor, Inc. (NYSE:AVTR)

UMB Bank n.a. grew its holdings in Avantor, Inc. (NYSE:AVTR) by 137.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,093 shares of the company’s stock after buying an additional 4,112 shares during the quarter. UMB Bank n.a.’s holdings in Avantor were worth $115,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AVTR. Smartleaf Asset Management LLC increased its position in shares of Avantor by 106.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $34,000 after purchasing an additional 830 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Avantor by 76.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock worth $52,000 after purchasing an additional 1,067 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Avantor during the 4th quarter worth about $65,000. Signaturefd LLC increased its position in shares of Avantor by 24.9% during the 4th quarter. Signaturefd LLC now owns 4,566 shares of the company’s stock worth $96,000 after purchasing an additional 911 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Avantor by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company’s stock worth $132,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AVTR shares. Royal Bank of Canada dropped their target price on shares of Avantor from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Cowen cut shares of Avantor from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Barclays dropped their target price on shares of Avantor from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group lowered shares of Avantor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $14.00 in a report on Tuesday, April 29th. Finally, Morgan Stanley lowered shares of Avantor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.88.

Avantor Stock Up 0.1%

Shares of NYSE AVTR opened at $13.54 on Friday. The firm has a market capitalization of $9.23 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. Avantor, Inc. has a 1 year low of $11.82 and a 1 year high of $28.00. The firm’s 50-day moving average is $13.61 and its 200-day moving average is $17.50.

Avantor (NYSE:AVTR) last issued its earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. Avantor had a net margin of 10.49% and a return on equity of 12.17%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Equities analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Insider Activity

In other Avantor news, Director Gregory L. Summe bought 25,000 shares of Avantor stock in a transaction dated Wednesday, May 7th. The shares were bought at an average price of $12.00 per share, with a total value of $300,000.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at $600,000. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph R. Massaro bought 8,100 shares of Avantor stock in a transaction dated Tuesday, April 29th. The stock was acquired at an average cost of $12.30 per share, for a total transaction of $99,630.00. Following the purchase, the director now directly owns 35,038 shares in the company, valued at approximately $430,967.40. The trade was a 30.07% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 83,100 shares of company stock valued at $1,027,630. 1.20% of the stock is currently owned by insiders.

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.