Avantor, Inc. (NYSE:AVTR) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Avantor, Inc. (NYSE:AVTR) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 275,300 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Avantor were worth $5,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in shares of Avantor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 188,900 shares of the company’s stock worth $3,980,000 after purchasing an additional 500 shares during the period. Hantz Financial Services Inc. raised its position in shares of Avantor by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company’s stock worth $644,000 after purchasing an additional 503 shares during the period. Blue Trust Inc. raised its position in shares of Avantor by 6.9% during the 4th quarter. Blue Trust Inc. now owns 8,069 shares of the company’s stock worth $170,000 after purchasing an additional 522 shares during the period. Pacer Advisors Inc. raised its position in shares of Avantor by 0.5% during the 4th quarter. Pacer Advisors Inc. now owns 99,825 shares of the company’s stock worth $2,103,000 after purchasing an additional 542 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after purchasing an additional 625 shares during the period. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVTR has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on Avantor from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, February 10th. Barclays decreased their price objective on Avantor from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Raymond James reissued an “outperform” rating and issued a $24.00 price objective (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Royal Bank of Canada decreased their price objective on Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Insider Activity

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

Avantor Stock Performance

Shares of NYSE AVTR opened at $16.71 on Friday. The stock has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $22.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07. The firm has a market cap of $11.37 billion, a P/E ratio of 16.06, a PEG ratio of 1.55 and a beta of 1.28. Avantor, Inc. has a 1 year low of $16.41 and a 1 year high of $28.00.

Avantor (NYSE:AVTR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, beating 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 prior year, the firm posted $0.22 earnings per share. Research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current fiscal 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.