Avantor, Inc. $AVTR Position Cut by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in Avantor, Inc. (NYSE:AVTR) by 42.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,620 shares of the company’s stock after selling 65,116 shares during the quarter. HighTower Advisors LLC’s holdings in Avantor were worth $1,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Avantor by 119.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after buying an additional 1,189 shares in the last quarter. Private Trust Co. NA grew its holdings in Avantor by 46.2% in the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after buying an additional 875 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new position in Avantor in the 2nd quarter worth approximately $32,000. Osaic Holdings Inc. grew its holdings in Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after buying an additional 1,064 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Avantor by 28.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company’s stock worth $49,000 after buying an additional 905 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AVTR shares. Stifel Nicolaus set a $10.00 price objective on Avantor in a report on Thursday, February 12th. Robert W. Baird set a $11.00 price objective on Avantor in a report on Thursday, February 12th. Wall Street Zen lowered Avantor from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Evercore set a $10.00 price objective on Avantor in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada assumed coverage on Avantor in a report on Thursday, May 14th. They issued a “sector perform” rating and a $9.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Avantor presently has an average rating of “Reduce” and a consensus target price of $10.57.

Avantor Trading Up 5.0%

Shares of AVTR stock opened at $9.52 on Friday. The stock has a 50-day simple moving average of $8.15 and a 200 day simple moving average of $9.68. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93. The stock has a market capitalization of $6.50 billion, a P/E ratio of -11.75, a P/E/G ratio of 5.26 and a beta of 0.97. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts expect that Avantor, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Activity at Avantor

In other news, Director Gregory T. Lucier bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $8.32 per share, with a total value of $83,200.00. Following the completion of the purchase, the director directly owned 60,000 shares of the company’s stock, valued at $499,200. This represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sanjeev K. Mehra bought 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $8.01 per share, with a total value of $1,001,250.00. Following the purchase, the director directly owned 475,000 shares of the company’s stock, valued at approximately $3,804,750. This represents a 35.71% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 160,000 shares of company stock valued at $1,287,950 over the last 90 days. 0.28% of the stock is currently owned by corporate insiders.

Avantor Company Profile

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.