Avantor, Inc. (NYSE:AVTR) Shares Sold by Shapiro Capital Management LLC

Shapiro Capital Management LLC trimmed its holdings in Avantor, Inc. (NYSE:AVTR) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,690,176 shares of the company’s stock after selling 224,211 shares during the quarter. Avantor makes up about 1.7% of Shapiro Capital Management LLC’s holdings, making the stock its 27th biggest position. Shapiro Capital Management LLC owned 0.40% of Avantor worth $57,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners grew its stake in shares of Avantor by 2.2% during the 1st quarter. Boston Partners now owns 28,561,802 shares of the company’s stock worth $729,298,000 after purchasing an additional 624,369 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Avantor by 6.8% during the second quarter. Canada Pension Plan Investment Board now owns 22,927,325 shares of the company’s stock worth $486,059,000 after buying an additional 1,463,695 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Avantor by 14.9% in the first quarter. Artemis Investment Management LLP now owns 9,120,083 shares of the company’s stock valued at $233,109,000 after buying an additional 1,180,937 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Avantor by 1,634.9% in the second quarter. 1832 Asset Management L.P. now owns 8,530,118 shares of the company’s stock valued at $180,839,000 after purchasing an additional 8,038,451 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Avantor by 4.4% during the first quarter. Bessemer Group Inc. now owns 7,099,848 shares of the company’s stock worth $181,544,000 after purchasing an additional 297,534 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Avantor Price Performance

Shares of AVTR opened at $26.58 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.59. The firm has a market capitalization of $18.05 billion, a PE ratio of 68.15, a P/E/G ratio of 2.75 and a beta of 1.32. The stock has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $24.36. Avantor, Inc. has a 52-week low of $16.63 and a 52-week high of $28.00.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on AVTR. Stifel Nicolaus upped their price target on Avantor from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. TD Cowen boosted their price objective on Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, July 29th. Robert W. Baird lifted their price objective on shares of Avantor from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada restated an “outperform” rating and set a $31.00 price objective on shares of Avantor in a research note on Monday, July 29th. Finally, Morgan Stanley upped their target price on shares of Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.40.

Insider Buying and Selling

In other Avantor news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $740,372.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.