Edgestream Partners L.P. Increases Stock Position in Avantor, Inc. (NYSE:AVTR)

Edgestream Partners L.P. boosted its stake in Avantor, Inc. (NYSE:AVTR - Free Report) by 77.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,709 shares of the company's stock after buying an additional 27,342 shares during the quarter. Edgestream Partners L.P.'s holdings in Avantor were worth $1,622,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its stake in Avantor by 2.1% in the third quarter. Hantz Financial Services Inc. now owns 24,900 shares of the company's stock worth $644,000 after buying an additional 503 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Avantor by 1.8% in the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company's stock worth $616,000 after acquiring an additional 514 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Avantor by 0.3% during the second quarter. Arizona State Retirement System now owns 186,567 shares of the company's stock valued at $3,955,000 after buying an additional 528 shares during the last quarter. Veracity Capital LLC lifted its holdings in Avantor by 1.0% in the third quarter. Veracity Capital LLC now owns 52,359 shares of the company's stock valued at $1,355,000 after acquiring an additional 543 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Avantor by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company's stock worth $571,000 after buying an additional 733 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Avantor Stock Up 0.5 %

Shares of NYSE AVTR traded up $0.11 during mid-day trading on Wednesday, hitting $21.20. The company had a trading volume of 7,705,534 shares, compared to its average volume of 6,479,693. Avantor, Inc. has a 1-year low of $19.59 and a 1-year high of $28.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.06. The company has a market capitalization of $14.43 billion, a PE ratio of 46.09, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. The business's 50-day simple moving average is $22.97 and its 200 day simple moving average is $23.64.

Insider Buying and Selling at Avantor

In other news, CAO Steven W. Eck sold 3,525 shares of Avantor stock in a transaction dated Thursday, September 5th. The stock was 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 approximately $740,372.64. The trade was a 10.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on AVTR shares. UBS Group cut their price target on Avantor from $30.00 to $29.00 and set a "buy" rating for the company in a report on Tuesday, October 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price target on shares of Avantor in a research report on Thursday, September 26th. Robert W. Baird dropped their target price on Avantor from $27.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, October 28th. Barclays dropped their target price on Avantor from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company lowered their target price on Avantor from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.