Private Management Group Inc. lessened its holdings in shares of Avantor, Inc. (NYSE:AVTR – Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,583,553 shares of the company’s stock after selling 513,681 shares during the quarter. Avantor makes up about 1.0% of Private Management Group Inc.’s portfolio, making the stock its 26th biggest holding. Private Management Group Inc.’s holdings in Avantor were worth $38,882,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVTR. Fulcrum Asset Management LLP lifted its stake in shares of Avantor by 2,047.7% in the third quarter. Fulcrum Asset Management LLP now owns 176,112 shares of the company’s stock worth $2,684,000 after buying an additional 167,912 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Avantor by 7.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,253 shares of the company’s stock worth $199,000 after acquiring an additional 957 shares during the last quarter. Ethic Inc. boosted its position in Avantor by 158.9% during the third quarter. Ethic Inc. now owns 55,706 shares of the company’s stock worth $838,000 after acquiring an additional 34,186 shares during the last quarter. Parallel Advisors LLC boosted its position in Avantor by 3.8% during the third quarter. Parallel Advisors LLC now owns 19,033 shares of the company’s stock worth $286,000 after acquiring an additional 693 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Avantor by 57.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 53,137 shares of the company’s stock valued at $919,000 after acquiring an additional 19,455 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.
Avantor Stock Up 2.8%
NYSE AVTR opened at $15.90 on Tuesday. The business’s fifty day simple moving average is $15.62 and its 200-day simple moving average is $11.34. The company has a quick ratio of 1.27, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm has a market cap of $10.77 billion, a PE ratio of 31.79, a P/E/G ratio of 7.08 and a beta of 0.95. Avantor, Inc. has a 52 week low of $7.26 and a 52 week high of $17.45.
Avantor (NYSE:AVTR – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Avantor had a net margin of 5.08% and a return on equity of 9.79%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Avantor’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Avantor, Inc. will post 0.82 earnings per share for the current year.
Analyst Upgrades and Downgrades
AVTR has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Avantor from $14.00 to $17.00 and gave the company a “sector perform” rating in a report on Wednesday, October 28th. Wells Fargo & Company boosted their target price on Avantor from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. TD Cowen boosted their target price on Avantor from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Tuesday, October 13th. Stifel Nicolaus upped their price target on Avantor from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, October 29th. Finally, Barclays increased their price target on Avantor from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.77.
Get Our Latest Stock Report on AVTR
About Avantor
Avantor, Inc is a global provider of products and services used in life sciences, advanced technology and applied materials. Its customers include biopharmaceutical and healthcare companies, laboratories, universities and manufacturers.
The company supplies chemicals, reagents, laboratory consumables and equipment, as well as materials used in biopharmaceutical production. Avantor also provides services such as procurement, inventory management and support for laboratory and production operations.
Avantor traces its history to J.T.
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