Avantor, Inc. (NYSE:AVTR) is Bancreek Capital Management LP's Largest Position

Bancreek Capital Management LP reduced its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 553,797 shares of the company's stock after selling 167,291 shares during the quarter. Avantor comprises 11.4% of Bancreek Capital Management LP's investment portfolio, making the stock its largest position. Bancreek Capital Management LP owned approximately 0.08% of Avantor worth $11,669,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its stake in Avantor by 99.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after buying an additional 625 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Avantor by 106.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after acquiring an additional 830 shares during the period. Global Retirement Partners LLC raised its position in shares of Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after acquiring an additional 1,067 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Avantor by 56.3% in the 4th quarter. UMB Bank n.a. now owns 2,981 shares of the company's stock valued at $63,000 after purchasing an additional 1,074 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Avantor during the fourth quarter valued at approximately $65,000. 95.08% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Avantor

In other news, EVP James Bramwell sold 3,758 shares of the business's 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 transaction, the executive vice president now owns 87,379 shares of the company's stock, valued at approximately $1,531,753.87. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of Avantor stock in a transaction on Wednesday, February 26th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on AVTR shares. Cowen reissued a "buy" rating on shares of Avantor in a research report on Tuesday, March 18th. Morgan Stanley dropped their price objective on shares of Avantor from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on shares of Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Royal Bank of Canada dropped their price target on Avantor from $33.00 to $31.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, UBS Group restated a "neutral" rating and issued a $25.00 price target (down previously from $29.00) on shares of Avantor in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Avantor Stock Performance

Avantor stock traded down $0.16 during midday trading on Tuesday, hitting $16.33. The stock had a trading volume of 7,241,965 shares, compared to its average volume of 6,327,552. Avantor, Inc. has a 52-week low of $15.37 and a 52-week high of $28.00. The company has a market capitalization of $11.12 billion, a PE ratio of 15.70, a P/E/G ratio of 1.55 and a beta of 1.30. The firm's fifty day moving average is $18.76 and its two-hundred day moving average is $21.57. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Avantor had a net margin of 10.49% and a return on equity of 12.17%. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current year.

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.