Avantor, Inc. (NYSE:AVTR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,027,636 shares of the company's stock after acquiring an additional 74,735 shares during the period. Charles Schwab Investment Management Inc. owned about 0.44% of Avantor worth $63,792,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AVTR. US Bancorp DE lifted its stake in Avantor by 6.2% during the 3rd quarter. US Bancorp DE now owns 12,615 shares of the company's stock worth $326,000 after acquiring an additional 734 shares in the last quarter. Atria Investments Inc raised its position in Avantor by 4.8% in the 3rd quarter. Atria Investments Inc now owns 15,925 shares of the company's stock valued at $412,000 after purchasing an additional 734 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Avantor in the 3rd quarter valued at about $1,059,000. Los Angeles Capital Management LLC acquired a new stake in Avantor in the 3rd quarter valued at about $431,000. Finally, Entropy Technologies LP raised its position in Avantor by 41.5% in the 3rd quarter. Entropy Technologies LP now owns 36,485 shares of the company's stock valued at $944,000 after purchasing an additional 10,700 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Stock Performance

NYSE:AVTR traded up $0.52 during mid-day trading on Friday, reaching $16.34. 5,096,664 shares of the stock were exchanged, compared to its average volume of 6,242,846. The company has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $22.03. The stock has a market capitalization of $11.12 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.55 and a beta of 1.30. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. Avantor, Inc. has a 1 year low of $15.37 and a 1 year high of $28.00.

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Avantor (NYSE:AVTR - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.17% and a net margin of 10.49%. During the same quarter in the prior year, the firm posted $0.22 EPS. Analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup reduced their price target on Avantor from $22.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price target on Avantor from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Raymond James reaffirmed an "outperform" rating and issued a $24.00 price target (down previously from $26.00) on shares of Avantor in a research report on Monday, February 10th. Royal Bank of Canada dropped their price objective on Avantor from $33.00 to $31.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Barclays dropped their price objective on Avantor from $26.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Insider Buying and Selling at Avantor

In other news, EVP James Bramwell sold 3,758 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 87,379 shares of the company's stock, valued at $1,531,753.87. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the sale, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at $711,788.12. This represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

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.