Blue Door Asset Management LLC Sells 463,535 Shares of Avantor, Inc. $AVTR

Blue Door Asset Management LLC lowered its stake in shares of Avantor, Inc. (NYSE:AVTR) by 54.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,700 shares of the company’s stock after selling 463,535 shares during the quarter. Avantor comprises approximately 2.7% of Blue Door Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Blue Door Asset Management LLC owned about 0.06% of Avantor worth $5,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Avantor during the 1st quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Avantor by 288.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company’s stock valued at $28,000 after purchasing an additional 1,263 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Avantor by 119.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after purchasing an additional 1,189 shares during the period. FNY Investment Advisers LLC acquired a new stake in Avantor during the second quarter worth about $36,000. Finally, Spire Wealth Management acquired a new stake in Avantor during the second quarter worth about $47,000. 95.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AVTR shares. UBS Group set a $12.00 target price on shares of Avantor in a research report on Thursday, October 30th. Evercore ISI decreased their price objective on shares of Avantor from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Robert W. Baird boosted their price objective on shares of Avantor from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Barclays reaffirmed an “equal weight” rating and issued a $12.00 target price (down previously from $15.00) on shares of Avantor in a report on Thursday, October 30th. Finally, Raymond James Financial lowered Avantor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.42.

Avantor Trading Up 8.6%

Shares of AVTR stock opened at $11.55 on Thursday. The stock has a 50-day moving average of $12.56 and a 200-day moving average of $12.87. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. Avantor, Inc. has a 1-year low of $10.62 and a 1-year high of $23.32. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of -88.81, a PEG ratio of 3.66 and a beta of 0.93.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business earned $0.26 EPS. Avantor’s quarterly revenue was down 5.3% on a year-over-year basis. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. On average, equities research analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Transactions at Avantor

In other news, Director Gregory L. Summe acquired 100,000 shares of Avantor stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $11.25 per share, with a total value of $1,125,000.00. Following the completion of the purchase, the director owned 300,000 shares of the company’s stock, valued at approximately $3,375,000. The trade was a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sanjeev K. Mehra acquired 350,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average price of $11.09 per share, with a total value of $3,881,500.00. Following the acquisition, the director owned 350,000 shares of the company’s stock, valued at approximately $3,881,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.20% of the company’s stock.

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.