Avantor, Inc. (NYSE:AVTR) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC raised its stake in Avantor, Inc. (NYSE:AVTR) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,322 shares of the company’s stock after purchasing an additional 3,232 shares during the period. Avior Wealth Management LLC’s holdings in Avantor were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AVTR. Fifth Third Bancorp boosted its position in shares of Avantor by 125.3% in the 4th quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock valued at $28,000 after purchasing an additional 694 shares during the period. Quarry LP boosted its holdings in Avantor by 815.3% in the 1st quarter. Quarry LP now owns 1,437 shares of the company’s stock valued at $30,000 after purchasing an additional 1,280 shares in the last quarter. CKW Financial Group acquired a new position in Avantor during the 4th quarter worth approximately $55,000. Park Place Capital Corp raised its stake in shares of Avantor by 18.2% during the 3rd quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock worth $64,000 after buying an additional 467 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Avantor in the 4th quarter valued at approximately $89,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Insiders Place Their Bets

In other news, EVP James Bramwell sold 6,203 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the completion of the sale, the executive vice president now owns 101,143 shares in the company, valued at approximately $2,476,992.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI increased their price objective on Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Citigroup boosted their price objective on shares of Avantor from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. UBS Group lifted their price target on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Barclays upped their price target on Avantor from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Raymond James raised their target price on shares of Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Avantor has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

Avantor Trading Down 0.9 %

Shares of Avantor stock opened at $24.38 on Thursday. Avantor, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $26.16. The business’s fifty day moving average is $24.89 and its two-hundred day moving average is $22.42. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 1.00. The firm has a market cap of $16.54 billion, a PE ratio of 50.79, a P/E/G ratio of 1.55 and a beta of 1.37.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $0.32 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Avantor, Inc. will post 1.01 earnings per share for the current year.

Avantor Company 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.