Avantor, Inc. (NYSE:AVTR) Shares Sold by First Light Asset Management LLC

First Light Asset Management LLC decreased its position in Avantor, Inc. (NYSE:AVTR) by 29.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 596,124 shares of the company’s stock after selling 254,571 shares during the period. First Light Asset Management LLC owned approximately 0.09% of Avantor worth $12,638,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Graypoint LLC increased its position in Avantor by 3.8% in the 1st quarter. Graypoint LLC now owns 11,414 shares of the company’s stock valued at $292,000 after acquiring an additional 423 shares during the period. Intech Investment Management LLC grew its position in Avantor by 1.8% in the 2nd quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock valued at $616,000 after buying an additional 514 shares in the last quarter. Arizona State Retirement System raised its holdings in Avantor by 0.3% during the second quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock worth $3,955,000 after purchasing an additional 528 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Avantor by 2.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company’s stock worth $571,000 after buying an additional 733 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in shares of Avantor by 1.0% in the first quarter. First Hawaiian Bank now owns 91,582 shares of the company’s stock valued at $2,342,000 after buying an additional 879 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI lowered their target price on Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. TD Cowen increased their target price 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. Robert W. Baird lifted their price target 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. Wells Fargo & Company started coverage on Avantor in a research report on Tuesday, August 27th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Citigroup lowered 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Avantor presently has an average rating of “Moderate Buy” and an average price target of $27.40.

Insider Activity at Avantor

In other news, CAO Steven W. Eck sold 3,525 shares of the company’s 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 transaction, the chief accounting officer now owns 29,544 shares of the company’s stock, valued at $740,372.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Avantor Price Performance

NYSE AVTR opened at $26.58 on Tuesday. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $28.00. The company has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $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. The company has a market cap of $18.05 billion, a P/E ratio of 68.15, a P/E/G ratio of 2.75 and a beta of 1.32.

Avantor (NYSE:AVTR) last issued its earnings results on Friday, July 26th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.70 billion. On average, sell-side analysts predict that Avantor, Inc. will post 1.01 EPS for the current 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.