Avantor, Inc. $AVTR Stake Cut by Swedbank AB

Swedbank AB cut its position in shares of Avantor, Inc. (NYSE:AVTR) by 36.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,814 shares of the company’s stock after selling 34,073 shares during the quarter. Swedbank AB’s holdings in Avantor were worth $970,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AVTR. Tidal Investments LLC boosted its holdings in shares of Avantor by 59.6% during the fourth quarter. Tidal Investments LLC now owns 18,869 shares of the company’s stock valued at $398,000 after acquiring an additional 7,048 shares during the period. US Bancorp DE grew its holdings in Avantor by 85.5% during the first quarter. US Bancorp DE now owns 11,135 shares of the company’s stock worth $180,000 after acquiring an additional 5,133 shares during the period. Stanley Capital Management LLC grew its holdings in Avantor by 42.9% during the first quarter. Stanley Capital Management LLC now owns 998,500 shares of the company’s stock worth $16,186,000 after acquiring an additional 300,000 shares during the period. Alliancebernstein L.P. grew its holdings in Avantor by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,262,052 shares of the company’s stock worth $101,508,000 after acquiring an additional 1,370,577 shares during the period. Finally, Woodline Partners LP increased its stake in Avantor by 14.5% in the 1st quarter. Woodline Partners LP now owns 1,380,688 shares of the company’s stock worth $22,381,000 after purchasing an additional 174,361 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.

Avantor Trading Up 2.6%

NYSE:AVTR opened at $12.71 on Wednesday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.41 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $12.95 and its two-hundred day moving average price is $13.85. Avantor, Inc. has a 1-year low of $10.82 and a 1-year high of $27.83.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Avantor had a return on equity of 11.39% and a net margin of 10.31%.The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. On average, equities analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AVTR shares. Morgan Stanley dropped their price target on Avantor from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Robert W. Baird reduced their price target on Avantor from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Barclays reaffirmed an “overweight” rating and issued a $13.00 price target (down from $15.00) on shares of Avantor in a research report on Monday, August 4th. Stifel Nicolaus set a $12.00 price objective on Avantor and gave the company a “hold” rating in a research report on Monday, August 4th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Avantor in a research report on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Avantor has a consensus rating of “Hold” and an average price target of $15.50.

Insiders Place Their Bets

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the transaction, the chief accounting officer directly owned 55,068 shares in the company, valued at $627,224.52. This trade represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Avantor Company 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.