Thematics Asset Management Reduces Position in Avantor, Inc. (NYSE:AVTR)

Thematics Asset Management lessened its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 740,000 shares of the company's stock after selling 210,000 shares during the quarter. Thematics Asset Management owned approximately 0.11% of Avantor worth $15,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVTR. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Avantor by 99.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock valued at $26,000 after buying an additional 625 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Avantor by 106.3% during the fourth 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 period. Global Retirement Partners LLC grew its position in shares of Avantor by 76.7% during the 4th 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. UMB Bank n.a. grew its stake in 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 buying an additional 1,074 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Avantor during the 4th quarter worth $65,000. 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 firm's stock in a transaction on 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 directly owns 87,379 shares of the company's stock, valued at approximately $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the sale, the chief accounting officer now directly owns 40,604 shares in the company, valued at $711,788.12. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

AVTR has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Avantor from $33.00 to $31.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company dropped their price target on Avantor from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup decreased their price objective on 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 reduced their target price on Avantor from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Barclays dropped their price target on Avantor from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.82.

Avantor Stock Up 0.0 %

AVTR traded up $0.01 during trading on Thursday, hitting $15.48. 13,782,108 shares of the company's stock traded hands, compared to its average volume of 6,994,547. Avantor, Inc. has a 12-month low of $13.80 and a 12-month high of $28.00. The company's 50 day simple moving average is $16.15 and its two-hundred day simple moving average is $19.94. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.55 and a beta of 1.24.

Avantor (NYSE:AVTR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $0.22 earnings per share. Analysts predict that Avantor, Inc. will post 1.06 earnings per share 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.