Avantor, Inc. (NYSE:AVTR) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,340 shares of the company's stock after buying an additional 16,201 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Avantor were worth $2,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after acquiring an additional 625 shares in the last quarter. Global Retirement Partners LLC boosted its position in Avantor by 76.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after purchasing an additional 1,067 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Avantor by 69.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company's stock worth $53,000 after purchasing an additional 835 shares in the last quarter. UMB Bank n.a. grew its holdings in Avantor by 56.3% in the fourth quarter. UMB Bank n.a. now owns 2,981 shares of the company's stock valued at $63,000 after purchasing an additional 1,074 shares during the period. Finally, CKW Financial Group raised its position in Avantor by 116.7% during the fourth quarter. CKW Financial Group now owns 5,200 shares of the company's stock worth $110,000 after acquiring an additional 2,800 shares during the period. Hedge funds and other institutional investors own 95.08% of the company's stock.

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Insider Buying and Selling

In other Avantor news, EVP James Bramwell sold 3,758 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $65,877.74. Following the completion of the transaction, the executive vice president now owns 87,379 shares of the company's stock, valued at $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Steven W. Eck sold 4,907 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 transaction of $86,019.71. Following the sale, the chief accounting officer now owns 40,604 shares of the company's stock, valued at approximately $711,788.12. This represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on Avantor from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Royal Bank of Canada dropped their price target on Avantor from $33.00 to $31.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Raymond James restated an "outperform" rating and issued a $24.00 price objective (down previously from $26.00) on shares of Avantor in a report on Monday, February 10th. Barclays lowered their target price on shares of Avantor from $26.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Avantor Trading Up 2.4 %

Shares of Avantor stock traded up $0.38 during mid-day trading on Thursday, hitting $16.13. The stock had a trading volume of 3,190,299 shares, compared to its average volume of 5,872,637. The firm has a market cap of $10.98 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. 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 $20.18 and a two-hundred day moving average of $22.47. Avantor, Inc. has a 12-month low of $15.37 and a 12-month high of $28.00.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share 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 last year, the business earned $0.22 earnings per share. Sell-side analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current year.

About Avantor

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.