Phraction Management LLC Invests $407,000 in Avantor, Inc. (NYSE:AVTR)

Phraction Management LLC acquired a new position in Avantor, Inc. (NYSE:AVTR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 17,820 shares of the company’s stock, valued at approximately $407,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vontobel Holding Ltd. boosted its stake in Avantor by 2.0% during the fourth quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company’s stock valued at $690,000 after buying an additional 591 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Avantor by 3.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company’s stock valued at $427,000 after purchasing an additional 685 shares during the last quarter. Fifth Third Bancorp lifted its stake 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 last quarter. Mackenzie Financial Corp lifted its stake in shares of Avantor by 1.6% in the 4th quarter. Mackenzie Financial Corp now owns 46,610 shares of the company’s stock valued at $1,064,000 after purchasing an additional 747 shares during the last quarter. Finally, Lmcg Investments LLC lifted its stake in shares of Avantor by 2.1% in the 3rd quarter. Lmcg Investments LLC now owns 41,418 shares of the company’s stock valued at $873,000 after purchasing an additional 853 shares during the last quarter. Institutional investors own 95.08% of the company’s stock.

Insider Activity

In other news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total value of $151,911.47. Following the transaction, the executive vice president now directly 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 is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Evercore ISI raised their price objective on Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Robert W. Baird reduced their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday. Royal Bank of Canada increased their price target on Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, UBS Group increased their price target on Avantor from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Avantor Trading Down 1.0 %

AVTR traded down $0.25 during trading on Wednesday, hitting $23.98. 1,523,996 shares of the stock were exchanged, compared to its average volume of 5,780,364. The firm has a 50 day simple moving average of $25.09 and a 200 day simple moving average of $22.68. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 62.13, a P/E/G ratio of 1.47 and a beta of 1.37. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $26.16. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.05 and a current ratio of 1.61.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Avantor had a return on equity of 13.01% and a net margin of 3.79%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business posted $0.29 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts expect that Avantor, Inc. will post 1.01 EPS for the current year.

About Avantor

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.