Dynasty Wealth Management LLC Sells 21,251 Shares of Avantor, Inc. (NYSE:AVTR)

Dynasty Wealth Management LLC reduced its stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,019 shares of the company's stock after selling 21,251 shares during the quarter. Dynasty Wealth Management LLC's holdings in Avantor were worth $717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Avantor by 58.0% during the third quarter. State Street Corp now owns 22,368,244 shares of the company's stock valued at $578,666,000 after purchasing an additional 8,206,695 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Avantor by 18.2% during the third quarter. Janus Henderson Group PLC now owns 17,692,705 shares of the company's stock valued at $457,710,000 after purchasing an additional 2,719,615 shares in the last quarter. Geode Capital Management LLC raised its position in Avantor by 7.1% in the third quarter. Geode Capital Management LLC now owns 11,150,788 shares of the company's stock worth $287,791,000 after acquiring an additional 739,667 shares in the last quarter. Robeco Schweiz AG raised its position in Avantor by 12.5% in the fourth quarter. Robeco Schweiz AG now owns 7,612,555 shares of the company's stock worth $160,397,000 after acquiring an additional 848,814 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Avantor by 653.0% in the third quarter. The Manufacturers Life Insurance Company now owns 6,174,736 shares of the company's stock worth $159,740,000 after acquiring an additional 5,354,678 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP James Bramwell sold 3,758 shares of the 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 transaction, the executive vice president now owns 87,379 shares in the company, valued at approximately $1,531,753.87. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Steven W. Eck sold 4,907 shares of the 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 $86,019.71. Following the completion of the transaction, the chief accounting officer now owns 40,604 shares in the company, valued at $711,788.12. This represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Raymond James reiterated an "outperform" rating and issued a $24.00 price target (down from $26.00) on shares of Avantor in a research report on Monday, February 10th. Stifel Nicolaus dropped their price target 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. UBS Group reiterated a "neutral" rating and issued a $25.00 price target (down from $29.00) on shares of Avantor in a research report on Friday, January 17th. Barclays dropped their price target on shares of Avantor from $26.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, Royal Bank of Canada dropped their price target on shares of Avantor from $33.00 to $31.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Avantor has a consensus rating of "Moderate Buy" and a consensus price target of $25.92.

Avantor Stock Down 4.9 %

Shares of AVTR traded down $0.82 during trading hours on Monday, reaching $15.88. The company's stock had a trading volume of 8,329,001 shares, compared to its average volume of 5,821,618. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.55 and a beta of 1.28. Avantor, Inc. has a 1-year low of $15.77 and a 1-year high of $28.00. 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 50 day moving average of $20.41 and a two-hundred day moving average of $22.58.

Avantor (NYSE:AVTR - Get Free Report) last issued its 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 return on equity of 12.17% and a net margin of 10.49%. During the same period in the prior year, the business posted $0.22 EPS. As a group, research analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal 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.