Avantor, Inc. (NYSE:AVTR) Shares Bought by Prudential PLC

Prudential PLC raised its holdings in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 323.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,068 shares of the company's stock after buying an additional 42,841 shares during the period. Prudential PLC's holdings in Avantor were worth $1,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its holdings in Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock valued at $26,000 after buying an additional 625 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Avantor by 106.3% during the fourth 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 stake in shares of Avantor by 76.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock valued at $52,000 after acquiring an additional 1,067 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Avantor by 56.3% in the fourth 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 purchased a new stake in shares of Avantor in the fourth quarter valued at approximately $65,000. Institutional investors own 95.08% of the company's stock.

Wall Street Analysts Forecast Growth

AVTR has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Raymond James restated 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. Barclays dropped their target price on shares of Avantor from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group restated a "neutral" rating and issued a $25.00 price target (down previously from $29.00) on shares of Avantor in a report on Friday, January 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Avantor from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.08.

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Avantor Stock Up 3.5 %

Shares of Avantor stock traded up $0.51 during trading on Friday, reaching $15.21. The company's stock had a trading volume of 18,932,646 shares, compared to its average volume of 6,862,634. Avantor, Inc. has a 1-year low of $13.80 and a 1-year high of $28.00. The company has a 50-day simple moving average of $16.80 and a two-hundred day simple moving average of $20.44. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.55 and a beta of 1.24.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned $0.22 earnings per share. As a group, equities analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Avantor

In other news, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the transaction, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at approximately $711,788.12. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Bramwell sold 3,758 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $65,877.74. Following the completion of 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 disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.