Avantor, Inc. $AVTR Holdings Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its holdings in Avantor, Inc. (NYSE:AVTR) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,502,086 shares of the company’s stock after purchasing an additional 1,640,120 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.10% of Avantor worth $93,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Avantor by 119.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after acquiring an additional 1,189 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new position in shares of Avantor in the 2nd quarter valued at about $32,000. FNY Investment Advisers LLC acquired a new position in shares of Avantor in the 2nd quarter valued at about $36,000. Osaic Holdings Inc. lifted its position in shares of Avantor by 60.9% in the second quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Avantor by 172.1% in the third quarter. Farther Finance Advisors LLC now owns 3,709 shares of the company’s stock worth $46,000 after purchasing an additional 2,346 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Insider Buying and Selling

In other news, Director Sanjeev K. Mehra purchased 350,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $11.09 per share, with a total value of $3,881,500.00. Following the completion of the transaction, the director directly owned 350,000 shares in the company, valued at $3,881,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory L. Summe acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $11.25 per share, with a total value of $1,125,000.00. Following the completion of the acquisition, the director owned 300,000 shares in the company, valued at $3,375,000. This trade represents a 50.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVTR. Bank of America lowered shares of Avantor from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Monday, December 15th. Barclays restated an “equal weight” rating and set a $12.00 price target (down from $15.00) on shares of Avantor in a report on Thursday, October 30th. Raymond James Financial downgraded shares of Avantor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Evercore ISI set a $12.00 price objective on Avantor and gave the company an “in-line” rating in a research report on Monday, January 5th. Finally, Robert W. Baird boosted their target price on Avantor from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.60.

Avantor Trading Down 2.5%

Avantor stock opened at $11.86 on Wednesday. Avantor, Inc. has a one year low of $10.62 and a one year high of $23.32. The company’s fifty day moving average price is $11.54 and its two-hundred day moving average price is $12.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.49 and a quick ratio of 0.96. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of -91.19, a PEG ratio of 4.21 and a beta of 0.93.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $0.26 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. On average, analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

About Avantor

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.