King Luther Capital Management Corp cut its holdings in shares of Avantor, Inc. (NYSE:AVTR – Free Report) by 71.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the company’s stock after selling 80,000 shares during the period. King Luther Capital Management Corp’s holdings in Avantor were worth $367,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Avantor by 119.1% during 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 during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in Avantor during the 2nd quarter worth approximately $32,000. Private Trust Co. NA grew its position in Avantor by 46.2% during the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after acquiring an additional 875 shares during the last quarter. Osaic Holdings Inc. grew its position in Avantor by 60.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Avantor by 28.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company’s stock worth $49,000 after acquiring an additional 905 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on AVTR. Evercore set a $10.00 price target on Avantor in a research report on Wednesday, February 11th. Citigroup decreased their price objective on Avantor from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen lowered Avantor from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Avantor from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $10.00 price objective on Avantor in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Avantor presently has a consensus rating of “Hold” and a consensus target price of $10.82.
Insider Transactions at Avantor
In related news, Director Simon Dingemans purchased 25,000 shares of Avantor stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the transaction, the director directly owned 25,000 shares of the company’s stock, valued at approximately $203,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sanjeev K. Mehra acquired 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $8.01 per share, for a total transaction of $1,001,250.00. Following the purchase, the director directly owned 475,000 shares in the company, valued at $3,804,750. This trade represents a 35.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 160,000 shares of company stock worth $1,287,950 in the last three months. Insiders own 0.28% of the company’s stock.
Avantor Stock Down 0.4%
NYSE:AVTR opened at $9.12 on Friday. Avantor, Inc. has a 12-month low of $7.26 and a 12-month high of $15.93. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $6.22 billion, a P/E ratio of -11.25, a P/E/G ratio of 5.31 and a beta of 0.94. The stock’s fifty day simple moving average is $8.02 and its 200-day simple moving average is $9.76.
Avantor (NYSE:AVTR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $0.23 EPS. The firm’s revenue was up .0% on a year-over-year basis. Equities research analysts expect that Avantor, Inc. will post 0.79 earnings per share for the current year.
Avantor Profile
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.
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