Thornburg Investment Management Inc. Has $6.61 Million Stock Position in Avantor, Inc. $AVTR

Thornburg Investment Management Inc. increased its position in shares of Avantor, Inc. (NYSE:AVTR) by 29.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,959 shares of the company’s stock after purchasing an additional 131,186 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Avantor were worth $6,612,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Verition Fund Management LLC increased its position in shares of Avantor by 60.4% during the 4th quarter. Verition Fund Management LLC now owns 581,330 shares of the company’s stock worth $6,662,000 after purchasing an additional 218,939 shares in the last quarter. Fieldview Capital Management LLC acquired a new stake in shares of Avantor during the 4th quarter worth about $213,000. Agman Capital LLC bought a new stake in Avantor during the 4th quarter worth about $3,915,000. Prosight Management LP bought a new stake in Avantor during the 4th quarter worth about $10,297,000. Finally, Zuckerman Investment Group LLC grew its holdings in Avantor by 1.5% during the 4th quarter. Zuckerman Investment Group LLC now owns 1,749,569 shares of the company’s stock worth $20,050,000 after acquiring an additional 26,047 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wolfe Research lowered shares of Avantor to an “underperform” rating and set a $7.00 price objective on the stock. in a report on Monday, June 1st. Zacks Research raised shares of Avantor from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Barclays decreased their price objective on shares of Avantor from $8.50 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada assumed coverage on shares of Avantor in a report on Thursday, May 14th. They set a “sector perform” rating and a $9.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Avantor from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Avantor has an average rating of “Reduce” and a consensus price target of $10.57.

Avantor Stock Down 0.2%

Shares of NYSE AVTR opened at $9.38 on Monday. The firm has a market capitalization of $6.40 billion, a PE ratio of -11.57, a price-to-earnings-growth ratio of 5.45 and a beta of 0.97. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Avantor, Inc. has a 1 year low of $7.26 and a 1 year high of $15.93. The firm’s 50-day moving average is $8.38 and its 200-day moving average is $9.62.

Avantor (NYSE:AVTR) last issued its earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Equities analysts expect that Avantor, Inc. will post 0.79 EPS for the current year.

Insider Activity

In other Avantor news, Director Gregory T. Lucier bought 10,000 shares of Avantor stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $8.32 per share, with a total value of $83,200.00. Following the purchase, the director owned 60,000 shares of the company’s stock, valued at $499,200. This trade represents a 20.00% 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 Simon Dingemans bought 25,000 shares of Avantor stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the purchase, the director directly owned 25,000 shares in the company, valued at approximately $203,500. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.28% of the stock is currently owned by company insiders.

Avantor Company 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.