Avantor, Inc. (NYSE:AVTR) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP reduced its stake in Avantor, Inc. (NYSE:AVTR - Free Report) by 52.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,330 shares of the company's stock after selling 83,912 shares during the quarter. Cinctive Capital Management LP's holdings in Avantor were worth $1,587,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on Avantor from $33.00 to $31.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Raymond James restated an "outperform" rating and issued a $24.00 price target (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Cowen reaffirmed a "buy" rating on shares of Avantor in a research note on Tuesday, March 18th. Morgan Stanley lowered their price objective on shares of Avantor from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Stifel Nicolaus reduced their target price on shares of Avantor from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.50.

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Insider Buying and Selling

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 Avantor 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 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 disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Avantor Stock Up 11.6 %

Shares of AVTR traded up $1.65 during trading hours on Wednesday, hitting $15.93. The company had a trading volume of 15,171,297 shares, compared to its average volume of 6,742,517. The company's fifty day moving average price is $17.08 and its two-hundred day moving average price is $20.63. Avantor, Inc. has a one year low of $13.80 and a one year high of $28.00. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.85 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Avantor (NYSE:AVTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, beating 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 company posted $0.22 EPS. As a group, equities analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Avantor Company 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.