Tredje AP fonden Has $2.23 Million Holdings in Avantor, Inc. (NYSE:AVTR)

Tredje AP fonden cut its stake in Avantor, Inc. (NYSE:AVTR) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,354 shares of the company’s stock after selling 1,661 shares during the period. Tredje AP fonden’s holdings in Avantor were worth $2,234,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Avantor by 2,003.6% during the second quarter. Versant Capital Management Inc now owns 1,157 shares of the company’s stock worth $25,000 after purchasing an additional 1,102 shares during the period. Blue Trust Inc. grew its position in Avantor by 1,830.3% during the 2nd quarter. Blue Trust Inc. now owns 1,467 shares of the company’s stock worth $31,000 after acquiring an additional 1,391 shares during the last quarter. TFO Wealth Partners LLC raised its position in Avantor by 203,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $46,000 after purchasing an additional 2,031 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Avantor during the 1st quarter worth about $93,000. Finally, ORG Partners LLC increased its position in Avantor by 5,773.0% in the 2nd quarter. ORG Partners LLC now owns 5,873 shares of the company’s stock valued at $122,000 after acquiring an additional 5,773 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVTR. Morgan Stanley upped their price target on Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Citigroup lowered shares of Avantor from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $23.00 in a research note on Wednesday, July 10th. Evercore ISI cut their price objective on Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Stifel Nicolaus lifted their price target on shares of Avantor from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Barclays upped their target price on shares of Avantor from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Avantor has an average rating of “Moderate Buy” and a consensus target price of $27.40.

Avantor Trading Up 2.4 %

AVTR opened at $27.70 on Friday. The firm has a market capitalization of $18.82 billion, a price-to-earnings ratio of 71.03, a PEG ratio of 2.75 and a beta of 1.32. The company’s 50 day moving average price is $24.92 and its two-hundred day moving average price is $24.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.59 and a quick ratio of 1.05. Avantor, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $28.00.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Avantor had a return on equity of 12.40% and a net margin of 5.28%. As a group, research analysts predict that Avantor, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at Avantor

In other news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction that occurred on 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 $740,372.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.