26,449 Shares in Avantor, Inc. (NYSE:AVTR) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in Avantor, Inc. (NYSE:AVTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 26,449 shares of the company's stock, valued at approximately $557,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its position in Avantor by 99.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after buying an additional 625 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Avantor by 106.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after acquiring an additional 830 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after acquiring an additional 1,067 shares during the last quarter. UMB Bank n.a. raised its position in shares of Avantor by 56.3% during the fourth quarter. UMB Bank n.a. now owns 2,981 shares of the company's stock worth $63,000 after purchasing an additional 1,074 shares during the period. Finally, AlphaQuest LLC purchased a new stake in shares of Avantor during the fourth quarter valued at $65,000. 95.08% of the stock is currently owned by institutional investors.

Avantor Stock Performance

Shares of NYSE AVTR traded down $0.16 during trading hours on Tuesday, hitting $16.33. 7,241,965 shares of the company's stock were exchanged, compared to its average volume of 6,324,432. The company's 50-day moving average price is $18.87 and its 200-day moving average price is $21.63. Avantor, Inc. has a 1-year low of $15.37 and a 1-year high of $28.00. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70.

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Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.22 EPS. On average, sell-side analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AVTR has been the subject of several recent analyst reports. Cowen reiterated a "buy" rating on shares of Avantor in a report on Tuesday, March 18th. Wells Fargo & Company cut their target price on shares of Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Citigroup reduced their price target on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Morgan Stanley dropped their price objective on Avantor from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Raymond James reiterated an "outperform" rating and issued a $24.00 target price (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Avantor currently has an average rating of "Moderate Buy" and a consensus price target of $25.50.

Insiders Place Their Bets

In other news, EVP James Bramwell sold 3,758 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $65,877.74. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Steven W. Eck sold 4,907 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $86,019.71. Following the transaction, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at $711,788.12. The trade was a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

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.