Envestnet Asset Management Inc. Raises Position in Avantor, Inc. (NYSE:AVTR)

Envestnet Asset Management Inc. lifted its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,097,671 shares of the company’s stock after acquiring an additional 18,672 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Avantor worth $23,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Avantor by 2,003.6% during 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 during the last quarter. Blue Trust Inc. increased its position in shares of Avantor by 1,830.3% during the second 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 position in shares of Avantor by 203,100.0% during the fourth 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 stake in shares of Avantor during the first quarter valued at approximately $93,000. Finally, ORG Partners LLC increased its position in shares of Avantor by 5,773.0% during the second 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 during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of Avantor stock in a transaction 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 of the company’s stock, valued at $740,372.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Avantor Price Performance

Avantor stock opened at $26.99 on Monday. Avantor, Inc. has a one year low of $16.63 and a one year high of $28.00. The business has a fifty day moving average price of $25.04 and a 200-day moving average price of $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. The firm has a market capitalization of $18.33 billion, a P/E ratio of 69.21, a PEG ratio of 2.75 and a beta of 1.32.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.70 billion during 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, equities research analysts forecast that Avantor, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup downgraded Avantor from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $23.00 in a research report on Wednesday, July 10th. TD Cowen raised their target price on Avantor from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Stifel Nicolaus raised their target price on Avantor from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Robert W. Baird raised their target price on Avantor from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Morgan Stanley raised their target price on Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.