MQS Management LLC Makes New $423,000 Investment in Avantor, Inc. (NYSE:AVTR)

MQS Management LLC bought a new stake in Avantor, Inc. (NYSE:AVTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,959 shares of the company’s stock, valued at approximately $423,000.

Several other large investors have also modified their holdings of the stock. XTX Topco Ltd acquired a new stake in Avantor in the second quarter valued at about $889,000. First Eagle Investment Management LLC raised its stake in shares of Avantor by 16.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 18,482 shares of the company’s stock worth $392,000 after buying an additional 2,600 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Avantor during the 2nd quarter worth approximately $642,000. CCLA Investment Management lifted its holdings in shares of Avantor by 8.7% in the 2nd quarter. CCLA Investment Management now owns 5,128,504 shares of the company’s stock valued at $109,624,000 after buying an additional 408,360 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Avantor by 4.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,440 shares of the company’s stock valued at $539,000 after buying an additional 1,119 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Stock Up 2.4 %

AVTR opened at $27.70 on Friday. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 71.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32. Avantor, Inc. has a 12 month low of $16.63 and a 12 month high of $28.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.59 and a quick ratio of 1.05. The business has a 50-day moving average of $24.92 and a two-hundred day moving average of $24.35.

Avantor (NYSE:AVTR) last issued its earnings results on Friday, July 26th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Avantor had a return on equity of 12.40% and a net margin of 5.28%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. On average, research analysts expect that Avantor, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at Avantor

In other news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $25.06, for a total transaction of $88,336.50. Following the completion of the sale, the chief accounting officer now owns 29,544 shares in the company, valued at approximately $740,372.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on Avantor from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. TD Cowen raised their price objective on shares of Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Citigroup downgraded shares of Avantor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $23.00 in a report on Wednesday, July 10th. Barclays increased their target price on shares of Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of Avantor in a research report on Monday, July 29th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Avantor presently has an average rating of “Moderate Buy” and an average price target of $27.40.

Avantor 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.