Siemens Fonds Invest GmbH Takes $426,000 Position in Avantor, Inc. (NYSE:AVTR)

Siemens Fonds Invest GmbH acquired a new stake in shares of Avantor, Inc. (NYSE:AVTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,213 shares of the company’s stock, valued at approximately $426,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVTR. ProShare Advisors LLC raised its stake in Avantor by 7.4% during the 4th quarter. ProShare Advisors LLC now owns 31,843 shares of the company’s stock valued at $671,000 after buying an additional 2,197 shares during the last quarter. Man Group plc bought a new stake in shares of Avantor in the fourth quarter worth $750,000. Nissay Asset Management Corp Japan ADV increased its position in Avantor by 1.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 82,523 shares of the company’s stock valued at $1,767,000 after acquiring an additional 857 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in Avantor by 945.4% in the fourth quarter. Nomura Holdings Inc. now owns 90,310 shares of the company’s stock valued at $1,903,000 after acquiring an additional 81,671 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its position in Avantor by 20.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 28,189 shares of the company’s stock worth $594,000 after purchasing an additional 4,776 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analysts Set New Price Targets

AVTR has been the subject of several research reports. TD Cowen lowered shares of Avantor from a “buy” rating to a “hold” rating and set a $15.50 price target for the company. in a research report on Monday, April 28th. Wells Fargo & Company reduced their target price on shares of Avantor from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Robert W. Baird dropped their price target on shares of Avantor from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Cowen lowered Avantor from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $24.00 target price (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.88.

Insiders Place Their Bets

In related news, CAO Steven W. Eck sold 4,907 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the sale, the chief accounting officer now directly owns 40,604 shares in the company, valued at approximately $711,788.12. The trade was a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory L. Summe purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $12.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now owns 50,000 shares of the company’s stock, valued at $600,000. The trade was a 100.00% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Avantor Trading Up 4.3%

Shares of AVTR stock opened at $13.40 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07. The stock has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $18.59. The firm has a market capitalization of $9.13 billion, a PE ratio of 12.88, a PEG ratio of 1.55 and a beta of 1.09. Avantor, Inc. has a 52-week low of $11.82 and a 52-week high of $28.00.

Avantor (NYSE:AVTR) last released its earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. On average, analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

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.