Avantor, Inc. (NYSE:AVTR) Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its position in Avantor, Inc. (NYSE:AVTR) by 1,634.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,530,118 shares of the company’s stock after buying an additional 8,038,451 shares during the period. 1832 Asset Management L.P. owned approximately 1.26% of Avantor worth $180,839,000 as of its most recent SEC filing.

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

Insider Activity at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $25.06, for a total value of $88,336.50. Following the completion of the transaction, the chief accounting officer now owns 29,544 shares of the company’s stock, valued at approximately $740,372.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on AVTR shares. Wells Fargo & Company started coverage on Avantor in a report on Tuesday, August 27th. They issued an “overweight” rating and a $30.00 price target for the company. Robert W. Baird boosted their target price on shares of Avantor from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. 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 note on Monday, July 29th. Barclays raised their price objective on shares of Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, Evercore ISI lowered their target price on shares of Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Avantor has a consensus rating of “Moderate Buy” and an average target price of $27.40.

Avantor Stock Performance

NYSE AVTR opened at $26.99 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.89. Avantor, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $28.00. The business has a fifty day moving average of $25.04 and a 200-day moving average of $24.36. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, July 26th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Avantor had a net margin of 5.28% and a return on equity of 12.40%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. As a group, analysts predict that Avantor, Inc. will post 1.01 earnings per share for the current fiscal 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.