Avantor, Inc. (NYSE:AVTR) Stock Holdings Increased by Quarry LP

Quarry LP raised its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 4,489.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,333 shares of the company’s stock after buying an additional 6,195 shares during the period. Quarry LP’s holdings in Avantor were worth $134,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AVTR. Graypoint LLC increased its holdings in shares of 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 purchasing an additional 423 shares during the period. Intech Investment Management LLC lifted 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 worth $616,000 after buying an additional 514 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Avantor by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock valued at $3,955,000 after buying an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Avantor by 2.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company’s stock worth $571,000 after acquiring an additional 733 shares in the last quarter. Finally, First Hawaiian Bank boosted its position in Avantor by 1.0% during the first quarter. First Hawaiian Bank now owns 91,582 shares of the company’s stock valued at $2,342,000 after purchasing an additional 879 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Avantor Trading Down 1.7 %

Shares of Avantor stock opened at $25.42 on Wednesday. Avantor, Inc. has a 52-week low of $16.63 and a 52-week high of $28.00. The firm has a market capitalization of $17.27 billion, a PE ratio of 65.18, a price-to-earnings-growth ratio of 2.71 and a beta of 1.32. 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 company’s fifty day moving average price is $25.73 and its two-hundred day moving average price is $24.38.

Avantor (NYSE:AVTR) last posted its earnings results on Friday, July 26th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Avantor had a net margin of 5.28% and a return on equity of 12.40%. On average, analysts expect that Avantor, Inc. will post 1.01 EPS for the current year.

Insider Transactions at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $25.06, for a total value of $88,336.50. Following the sale, 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 legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AVTR has been the subject of a number of analyst reports. Barclays lifted their target price 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. Morgan Stanley raised their target price on Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of Avantor in a research note on Thursday, September 26th. TD Cowen raised their price objective on Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus boosted their target price 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Avantor 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.