Peregrine Capital Management LLC Reduces Stock Position in Avantor, Inc. $AVTR

Peregrine Capital Management LLC lessened its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 99.4% during the third quarter, Holdings Channel reports. The firm owned 4,198 shares of the company’s stock after selling 715,736 shares during the quarter. Peregrine Capital Management LLC’s holdings in Avantor were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dodge & Cox increased its stake in shares of Avantor by 17.1% during the second quarter. Dodge & Cox now owns 117,433,484 shares of the company’s stock valued at $1,580,655,000 after buying an additional 17,170,761 shares during the period. Norges Bank purchased a new position in Avantor during the 2nd quarter valued at $108,167,000. Engine Capital Management LP bought a new position in Avantor in the 2nd quarter worth $74,088,000. Clarkston Capital Partners LLC raised its holdings in Avantor by 45.8% in the 2nd quarter. Clarkston Capital Partners LLC now owns 13,982,090 shares of the company’s stock worth $188,199,000 after purchasing an additional 4,390,140 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Avantor by 36.5% in the 2nd quarter. Invesco Ltd. now owns 15,933,860 shares of the company’s stock worth $214,470,000 after purchasing an additional 4,264,449 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AVTR. Raymond James Financial cut shares of Avantor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Robert W. Baird lifted their price objective on Avantor from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Bank of America downgraded Avantor from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Monday, December 15th. Zacks Research upgraded Avantor from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $12.00 price target (down from $14.00) on shares of Avantor in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Avantor has a consensus rating of “Hold” and an average price target of $13.60.

Avantor Price Performance

AVTR stock opened at $12.41 on Friday. The firm has a 50 day moving average price of $11.44 and a 200-day moving average price of $12.60. Avantor, Inc. has a 52-week low of $10.62 and a 52-week high of $23.32. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of -95.43, a PEG ratio of 4.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.49.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. Equities research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gregory L. Summe acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $11.25 per share, with a total value of $1,125,000.00. Following the transaction, the director owned 300,000 shares of the company’s stock, valued at $3,375,000. This trade represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sanjeev K. Mehra acquired 350,000 shares of Avantor stock in a transaction on Friday, December 5th. The shares were purchased at an average price of $11.09 per share, with a total value of $3,881,500.00. Following the completion of the purchase, the director owned 350,000 shares in the company, valued at $3,881,500. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.20% of the company’s stock.

About Avantor

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.