Orion Portfolio Solutions LLC Has $2.40 Million Holdings in Avantor, Inc. (NYSE:AVTR)

Orion Portfolio Solutions LLC cut its stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,922 shares of the company's stock after selling 32,762 shares during the period. Orion Portfolio Solutions LLC's holdings in Avantor were worth $2,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its stake in Avantor by 2.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,560,792 shares of the company's stock valued at $138,236,000 after purchasing an additional 179,894 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Avantor in the 4th quarter valued at $1,311,000. Norges Bank bought a new stake in shares of Avantor in the 4th quarter valued at $142,512,000. Elo Mutual Pension Insurance Co raised its stake in Avantor by 2.1% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 61,596 shares of the company's stock worth $1,298,000 after buying an additional 1,260 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Avantor by 13.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 507,188 shares of the company's stock worth $11,036,000 after acquiring an additional 58,671 shares in the last quarter. Institutional investors own 95.08% of the company's stock.

Avantor Stock Down 3.4 %

AVTR traded down $0.53 on Friday, hitting $15.15. 24,521,591 shares of the company were exchanged, compared to its average volume of 6,633,040. The stock's fifty day moving average is $17.78 and its 200-day moving average is $20.96. Avantor, Inc. has a 12 month low of $14.93 and a 12 month high of $28.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07. The company has a market cap of $10.32 billion, a PE ratio of 14.56, a PEG ratio of 1.55 and a beta of 1.23.

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Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.22 EPS. Equities research analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Avantor

In other news, EVP James Bramwell sold 3,758 shares of the company's 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 sale, the executive vice president now directly owns 87,379 shares of the company's stock, valued at approximately $1,531,753.87. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Steven W. Eck sold 4,907 shares of Avantor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the transaction, the chief accounting officer now owns 40,604 shares of the company's stock, valued at $711,788.12. The trade was a 10.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Avantor Company 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.