Bessemer Group Inc. Has $186.87 Million Stake in Avantor, Inc. (NYSE:AVTR)

Bessemer Group Inc. raised its position in Avantor, Inc. (NYSE:AVTR - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,868,903 shares of the company's stock after purchasing an additional 1,218,589 shares during the period. Bessemer Group Inc. owned 1.30% of Avantor worth $186,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Avantor by 34.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company's stock valued at $8,972,000 after acquiring an additional 88,205 shares during the period. Perpetual Ltd grew its holdings in Avantor by 38.7% in the fourth quarter. Perpetual Ltd now owns 1,766,882 shares of the company's stock worth $37,228,000 after purchasing an additional 493,408 shares during the period. Everence Capital Management Inc. purchased a new position in Avantor during the fourth quarter valued at $555,000. Rhumbline Advisers grew its position in Avantor by 1.8% during the 4th quarter. Rhumbline Advisers now owns 1,922,368 shares of the company's stock valued at $40,504,000 after purchasing an additional 33,692 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Avantor by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,027,636 shares of the company's stock worth $63,792,000 after acquiring an additional 74,735 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on AVTR. Stifel Nicolaus reduced their target price on shares of Avantor from $28.00 to $26.00 and set a "buy" rating for the company in a report on Monday, February 10th. Raymond James reaffirmed an "outperform" rating and set a $24.00 price objective (down previously from $26.00) on shares of Avantor in a research report on Monday, February 10th. UBS Group reiterated a "neutral" rating and issued a $25.00 target price (down previously from $29.00) on shares of Avantor in a research report on Friday, January 17th. Cowen restated a "buy" rating on shares of Avantor in a research report on Tuesday, March 18th. Finally, Citigroup lowered their price objective on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.08.

Insider Buying and Selling

In other Avantor news, CAO Steven W. Eck sold 4,907 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the sale, the chief accounting officer now directly owns 40,604 shares in the company, valued at $711,788.12. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James Bramwell sold 3,758 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 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 position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Avantor Stock Performance

AVTR stock traded up $0.22 during mid-day trading on Monday, reaching $15.44. The company had a trading volume of 2,517,237 shares, compared to its average volume of 6,845,834. 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 stock's 50-day simple moving average is $16.80 and its two-hundred day simple moving average is $20.44. The stock has a market capitalization of $10.52 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.55 and a beta of 1.24. Avantor, Inc. has a one year low of $13.80 and a one year high of $28.00.

Avantor (NYSE:AVTR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, beating 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 quarter in the previous year, the company earned $0.22 earnings per share. Research analysts anticipate that Avantor, Inc. will post 1.06 EPS for the current year.

Avantor Profile

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.