T. Rowe Price Investment Management Inc. Has $871.46 Million Stock Holdings in Avantor, Inc. (NYSE:AVTR)

T. Rowe Price Investment Management Inc. reduced its position in Avantor, Inc. (NYSE:AVTR - Free Report) by 38.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,360,393 shares of the company's stock after selling 25,741,186 shares during the period. T. Rowe Price Investment Management Inc. owned 6.08% of Avantor worth $871,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVTR. Perpetual Ltd boosted its position in shares of Avantor by 38.7% in the 4th quarter. Perpetual Ltd now owns 1,766,882 shares of the company's stock worth $37,228,000 after purchasing an additional 493,408 shares during the last quarter. Everence Capital Management Inc. bought a new position in Avantor during the fourth quarter worth about $555,000. Rhumbline Advisers grew its position in shares of Avantor by 1.8% during the 4th quarter. Rhumbline Advisers now owns 1,922,368 shares of the company's stock worth $40,504,000 after buying an additional 33,692 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Avantor by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,027,636 shares of the company's stock valued at $63,792,000 after acquiring an additional 74,735 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Avantor by 146.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,628,372 shares of the company's stock worth $67,996,000 after acquiring an additional 1,562,018 shares during the last quarter. Institutional investors own 95.08% of the company's stock.

Insider Buying and Selling

In related news, EVP James Bramwell sold 3,758 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was 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. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed 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 on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the sale, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at $711,788.12. This represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AVTR has been the topic of several analyst reports. Royal Bank of Canada cut their target price on shares of Avantor from $33.00 to $31.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Barclays dropped their price objective on Avantor from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Cowen restated a "buy" rating on shares of Avantor in a report on Tuesday, March 18th. Stifel Nicolaus dropped their price target on Avantor from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company decreased their price objective on Avantor from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.82.

Avantor Trading Up 2.3 %

Shares of NYSE:AVTR opened at $15.30 on Wednesday. The stock has a market capitalization of $10.43 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company's 50-day moving average price is $16.20 and its two-hundred day moving average price is $19.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. Avantor, Inc. has a one year low of $13.80 and a one year high of $28.00.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, beating 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 quarter in the previous year, the firm earned $0.22 earnings per share. On average, equities analysts forecast that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

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.

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