Sei Investments Co. Raises Position in Avantor, Inc. $AVTR

Sei Investments Co. lifted its holdings in Avantor, Inc. (NYSE:AVTR) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,287,850 shares of the company’s stock after purchasing an additional 46,707 shares during the quarter. Sei Investments Co. owned about 0.77% of Avantor worth $41,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming boosted its holdings in Avantor by 473.0% in the first quarter. State of Wyoming now owns 34,905 shares of the company’s stock worth $274,000 after acquiring an additional 28,813 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Avantor by 34.1% during the first quarter. Cetera Investment Advisers now owns 38,569 shares of the company’s stock valued at $302,000 after acquiring an additional 9,799 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Avantor by 83.7% during the first quarter. PNC Financial Services Group Inc. now owns 47,157 shares of the company’s stock valued at $370,000 after acquiring an additional 21,481 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Avantor by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,894,649 shares of the company’s stock valued at $132,443,000 after purchasing an additional 2,288,053 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Avantor by 21.4% in the 1st quarter. Parallel Advisors LLC now owns 8,452 shares of the company’s stock valued at $66,000 after purchasing an additional 1,491 shares during the last quarter. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

Avantor Trading Up 0.2%

NYSE AVTR opened at $11.47 on Monday. Avantor, Inc. has a 1 year low of $7.26 and a 1 year high of $15.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17. The company has a market capitalization of $7.83 billion, a PE ratio of -14.16, a P/E/G ratio of 6.37 and a beta of 0.94. The company has a fifty day moving average of $9.71 and a 200 day moving average of $9.40.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. Research analysts forecast that Avantor, Inc. will post 0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

AVTR has been the topic of several research analyst reports. UBS Group set a $8.00 target price on shares of Avantor in a research report on Wednesday, June 24th. Evercore set a $10.50 price target on shares of Avantor in a report on Monday, July 6th. Zacks Research upgraded shares of Avantor from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Wolfe Research lowered shares of Avantor to an “underperform” rating and set a $7.00 price objective on the stock. in a report on Monday, June 1st. Finally, TD Cowen reissued a “hold” rating on shares of Avantor in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $10.62.

Insider Activity at Avantor

In other Avantor news, Director Gregory T. Lucier bought 10,000 shares of Avantor stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $8.32 per share, with a total value of $83,200.00. Following the purchase, the director directly owned 60,000 shares in the company, 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 Simon Dingemans bought 25,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the transaction, the director directly owned 25,000 shares in the company, valued at approximately $203,500. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.28% of the stock is currently owned by company insiders.

Avantor 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.