Park Avenue Securities LLC Invests $139,000 in Avantor, Inc. $AVTR

Park Avenue Securities LLC purchased a new position in Avantor, Inc. (NYSE:AVTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,299 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Avantor in the 1st quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Avantor by 288.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company’s stock valued at $28,000 after buying an additional 1,263 shares during the period. Wealthquest Corp purchased a new stake in shares of Avantor in the 1st quarter worth $34,000. GAMMA Investing LLC increased its stake in shares of Avantor by 121.6% in the 1st quarter. GAMMA Investing LLC now owns 3,747 shares of the company’s stock worth $61,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Avantor by 52.0% in the 1st quarter. Fifth Third Bancorp now owns 3,972 shares of the company’s stock worth $64,000 after purchasing an additional 1,359 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Avantor Stock Up 0.9%

Shares of NYSE:AVTR opened at $13.80 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. Avantor, Inc. has a 12 month low of $10.82 and a 12 month high of $26.14. The company has a 50-day moving average price of $12.75 and a 200 day moving average price of $13.55. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 4.40 and a beta of 0.98.

Avantor (NYSE:AVTR) last announced 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). Avantor had a net margin of 10.31% and a return on equity of 11.39%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Activity at Avantor

In related news, CAO Steven W. Eck sold 3,476 shares of the stock in a transaction dated Tuesday, August 5th. The shares were 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 owned 55,068 shares of the company’s stock, valued at approximately $627,224.52. This trade represents a 5.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AVTR shares. Robert W. Baird cut their price target on Avantor from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Royal Bank Of Canada cut their price target on Avantor from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Avantor in a research note on Friday, August 1st. Stifel Nicolaus set a $12.00 price target on Avantor and gave the stock a “hold” rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company cut their price target on Avantor from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.65.

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.