3,604,345 Shares in Avantor, Inc. (NYSE:AVTR) Acquired by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT bought a new position in Avantor, Inc. (NYSE:AVTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,604,345 shares of the company’s stock, valued at approximately $76,412,000. Avantor accounts for approximately 2.5% of Sound Shore Management Inc. CT’s portfolio, making the stock its 21st largest position. Sound Shore Management Inc. CT owned about 0.53% of Avantor at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Avantor news, CAO Steven W. Eck sold 3,525 shares of the firm’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 approximately $740,372.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Avantor Trading Down 2.6 %

NYSE AVTR opened at $26.99 on Friday. The stock has a market cap of $18.33 billion, a P/E ratio of 69.21, a PEG ratio of 2.75 and a beta of 1.32. The company’s fifty day simple moving average is $25.04 and its 200-day simple moving average is $24.36. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. Avantor, Inc. has a 52 week low of $16.63 and a 52 week high of $28.00.

Avantor (NYSE:AVTR) last issued 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 firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Avantor had a net margin of 5.28% and a return on equity of 12.40%. Equities research analysts predict that Avantor, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on AVTR shares. Stifel Nicolaus upped their price target on shares of Avantor from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Citigroup downgraded Avantor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $23.00 in a report on Wednesday, July 10th. Robert W. Baird lifted their target price on Avantor from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company assumed coverage on Avantor in a research note on Tuesday, August 27th. They set an “overweight” rating and a $30.00 price target for the company. Finally, Morgan Stanley lifted their price objective on Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Avantor presently has a consensus rating of “Moderate Buy” and an average target price of $27.40.

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.