GAMMA Investing LLC Acquires 2,013 Shares of Avantor, Inc. $AVTR

GAMMA Investing LLC lifted its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 53.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,760 shares of the company’s stock after purchasing an additional 2,013 shares during the quarter. GAMMA Investing LLC’s holdings in Avantor were worth $78,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AVTR. Dodge & Cox boosted its position in shares of Avantor by 1.1% during the 1st quarter. Dodge & Cox now owns 100,262,723 shares of the company’s stock worth $1,625,259,000 after acquiring an additional 1,116,953 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Avantor by 1.5% in the first quarter. Vanguard Group Inc. now owns 64,952,926 shares of the company’s stock worth $1,052,887,000 after acquiring an additional 983,172 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Avantor by 1.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 41,969,199 shares of the company’s stock worth $680,321,000 after acquiring an additional 608,806 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Avantor by 89.8% in the first quarter. 1832 Asset Management L.P. now owns 18,127,204 shares of the company’s stock worth $293,842,000 after acquiring an additional 8,578,493 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Avantor by 53.2% in the first quarter. The Manufacturers Life Insurance Company now owns 14,034,699 shares of the company’s stock worth $227,502,000 after acquiring an additional 4,876,524 shares during the last quarter. 95.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AVTR has been the subject of a number of research reports. Royal Bank Of Canada dropped their target price on shares of Avantor from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of Avantor from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Evercore ISI decreased their target price on shares of Avantor from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. Morgan Stanley decreased their target price on shares of Avantor from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Finally, Barclays boosted their target price on shares of Avantor from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Avantor has a consensus rating of “Hold” and a consensus target price of $15.65.

Avantor Price Performance

Shares of NYSE:AVTR opened at $13.80 on Friday. The firm has a market cap of $9.41 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 4.40 and a beta of 0.98. The firm’s fifty day moving average is $12.75 and its 200-day moving average is $13.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.98. Avantor, Inc. has a 52 week low of $10.82 and a 52 week high of $26.14.

Avantor (NYSE:AVTR) last issued 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%.Avantor’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Sell-side analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Transactions at Avantor

In related news, CAO Steven W. Eck sold 3,476 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the transaction, the chief accounting officer owned 55,068 shares in the company, valued at $627,224.52. The trade was a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

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.