Dynamic Technology Lab Private Ltd Acquires 70,753 Shares of Avantor, Inc. (NYSE:AVTR)

Dynamic Technology Lab Private Ltd increased its stake in Avantor, Inc. (NYSE:AVTR - Free Report) by 169.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,388 shares of the company's stock after purchasing an additional 70,753 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Avantor were worth $2,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 1832 Asset Management L.P. grew its position in shares of Avantor by 1,634.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,530,118 shares of the company's stock valued at $180,839,000 after acquiring an additional 8,038,451 shares during the period. Sound Shore Management Inc. CT bought a new stake in shares of Avantor during the 2nd quarter worth about $76,412,000. Principal Financial Group Inc. boosted its holdings in shares of Avantor by 146.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,628,372 shares of the company's stock worth $67,996,000 after buying an additional 1,562,018 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Avantor by 6.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 22,927,325 shares of the company's stock worth $486,059,000 after buying an additional 1,463,695 shares during the period. Finally, Boston Partners boosted its holdings in Avantor by 2.2% in the 1st quarter. Boston Partners now owns 28,561,802 shares of the company's stock valued at $729,298,000 after purchasing an additional 624,369 shares during the period. Institutional investors own 95.08% of the company's stock.

Insiders Place Their Bets

In other news, CAO Steven W. Eck sold 3,525 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $25.06, for a total transaction of $88,336.50. Following the sale, the chief accounting officer now owns 29,544 shares in the company, valued at $740,372.64. This represents a 10.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company's stock.

Avantor Stock Up 1.9 %

Avantor stock traded up $0.39 on Monday, hitting $21.17. 2,466,891 shares of the stock traded hands, compared to its average volume of 6,484,341. Avantor, Inc. has a 1 year low of $19.59 and a 1 year high of $28.00. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.84. The business's fifty day simple moving average is $23.89 and its 200 day simple moving average is $23.85. The firm has a market cap of $14.41 billion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 2.52 and a beta of 1.35.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AVTR. Stifel Nicolaus boosted their price objective on shares of Avantor from $27.00 to $28.00 and gave the company a "buy" rating in a report on Monday, July 29th. Robert W. Baird lowered their price objective on shares of Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, October 28th. Wells Fargo & Company lowered their price objective on shares of Avantor from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price objective on shares of Avantor in a report on Thursday, September 26th. Finally, Morgan Stanley increased their price target on Avantor from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.57.

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.