Cannon Global Investment Management LLC Takes Position in Avantor, Inc. (NYSE:AVTR)

Cannon Global Investment Management LLC acquired a new position in Avantor, Inc. (NYSE:AVTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,000 shares of the company’s stock, valued at approximately $525,000. Avantor makes up about 3.9% of Cannon Global Investment Management LLC’s holdings, making the stock its 8th largest holding.

A number of other large investors also recently bought and sold shares of the business. Park Place Capital Corp increased its position in shares of Avantor by 18.2% during the third quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock worth $64,000 after purchasing an additional 467 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Avantor by 1.3% during the first quarter. Cibc World Market Inc. now owns 36,082 shares of the company’s stock worth $1,220,000 after purchasing an additional 480 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Avantor by 3.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 18,598 shares of the company’s stock worth $392,000 after purchasing an additional 579 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Avantor by 2.0% during the fourth quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company’s stock worth $690,000 after purchasing an additional 591 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Avantor by 7.9% during the first quarter. Yousif Capital Management LLC now owns 8,870 shares of the company’s stock worth $300,000 after purchasing an additional 650 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Insider Transactions at Avantor

In other news, EVP James Bramwell sold 6,203 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total transaction of $151,911.47. Following the sale, the executive vice president now directly owns 101,143 shares of the company’s stock, valued at approximately $2,476,992.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Avantor Stock Performance

NYSE:AVTR traded down $0.06 during mid-day trading on Friday, hitting $24.24. The company’s stock had a trading volume of 1,338,557 shares, compared to its average volume of 5,652,218. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $26.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.61 and a quick ratio of 1.05. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 50.60, a PEG ratio of 1.53 and a beta of 1.37. The business’s fifty day moving average is $24.91 and its two-hundred day moving average is $22.44.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Avantor, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AVTR has been the topic of a number of recent analyst reports. Citigroup upped their price target on Avantor from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Raymond James upped their price target on Avantor from $22.50 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. UBS Group boosted their price objective on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avantor from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.71.

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.