Sanctuary Advisors LLC Cuts Holdings in Avantor, Inc. (NYSE:AVTR)

Sanctuary Advisors LLC decreased its stake in shares of Avantor, Inc. (NYSE:AVTR) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,718 shares of the company’s stock after selling 5,754 shares during the quarter. Sanctuary Advisors LLC’s holdings in Avantor were worth $683,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AVTR. Creative Planning increased its holdings in Avantor by 54.0% during the 3rd quarter. Creative Planning now owns 28,136 shares of the company’s stock worth $728,000 after purchasing an additional 9,866 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Avantor by 4.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,012 shares of the company’s stock worth $725,000 after purchasing an additional 1,091 shares during the period. State of Alaska Department of Revenue purchased a new stake in Avantor during the 3rd quarter worth about $2,043,000. Nisa Investment Advisors LLC boosted its position in shares of Avantor by 69.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock worth $53,000 after acquiring an additional 835 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of Avantor during the 3rd quarter worth about $8,473,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AVTR. Royal Bank of Canada lowered their price objective on Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Morgan Stanley lowered their price objective on Avantor from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Barclays lowered their price objective on Avantor from $26.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Stifel Nicolaus lowered their price objective on Avantor from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Finally, Wells Fargo & Company lowered their price objective on Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

Insiders Place Their Bets

In other news, EVP James Bramwell sold 3,758 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $65,877.74. Following the completion of the transaction, the executive vice president now directly owns 87,379 shares of the company’s stock, valued at approximately $1,531,753.87. This represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the transaction, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Avantor Stock Up 1.3 %

Shares of NYSE AVTR opened at $16.71 on Friday. The stock has a market cap of $11.37 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. Avantor, Inc. has a 52-week low of $16.41 and a 52-week high of $28.00. The business has a 50-day moving average price of $20.51 and a 200 day moving average price of $22.69.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Avantor had a return on equity of 12.17% and a net margin of 10.49%. During the same quarter in the previous year, the business posted $0.22 earnings per share. Equities research analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current year.

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.