Mitsubishi UFJ Trust & Banking Corp Has $6.39 Million Stake in Avantor, Inc. (NYSE:AVTR)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,225 shares of the company's stock after selling 28,826 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Avantor were worth $6,389,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position 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 worth $578,666,000 after purchasing an additional 8,206,695 shares in the last quarter. FMR LLC raised its position in Avantor by 557.2% in the 3rd quarter. FMR LLC now owns 4,675,283 shares of the company's stock worth $120,950,000 after purchasing an additional 3,963,912 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Avantor by 18.2% during the 3rd quarter. Janus Henderson Group PLC now owns 17,692,705 shares of the company's stock worth $457,710,000 after buying an additional 2,719,615 shares in the last quarter. Raymond James Financial Inc. bought a new position in Avantor in the 4th quarter valued at $33,091,000. Finally, Principal Financial Group Inc. increased its stake in shares of Avantor by 146.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,628,372 shares of the company's stock valued at $67,996,000 after buying an additional 1,562,018 shares during the period. Institutional investors own 95.08% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays cut their price target on Avantor from $26.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. 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 note on Monday, February 10th. Wells Fargo & Company dropped their price target on shares of Avantor from $28.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Raymond James reaffirmed an "outperform" rating and issued a $24.00 price objective (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Finally, UBS Group reaffirmed a "neutral" rating and set a $25.00 target price (down previously from $29.00) on shares of Avantor in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $25.50.

Avantor Trading Down 3.4 %

Shares of AVTR traded down $0.53 during trading hours on Friday, reaching $15.15. The stock had a trading volume of 24,521,591 shares, compared to its average volume of 6,626,558. The company has a market cap of $10.32 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.55 and a beta of 1.23. Avantor, Inc. has a 52 week low of $14.78 and a 52 week 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 firm has a 50-day moving average of $17.78 and a 200 day moving average of $21.04.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.17% and a net margin of 10.49%. During the same period in the prior year, the company earned $0.22 earnings per share. On average, sell-side analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Steven W. Eck sold 4,907 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 directly owns 40,604 shares of the company's stock, valued at approximately $711,788.12. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction dated 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 sale, the executive vice president now directly owns 87,379 shares in the company, valued at $1,531,753.87. This 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 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.