Avantor, Inc. (NYSE:AVTR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Avantor, Inc. (NYSE:AVTR - Free Report) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 922,158 shares of the company's stock after selling 99,943 shares during the quarter. Wellington Management Group LLP owned about 0.14% of Avantor worth $19,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Avantor by 34.1% during the third quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company's stock worth $8,972,000 after purchasing an additional 88,205 shares in the last quarter. Perpetual Ltd raised its position in shares of Avantor by 38.7% during the fourth quarter. Perpetual Ltd now owns 1,766,882 shares of the company's stock valued at $37,228,000 after buying an additional 493,408 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Avantor in the fourth quarter worth $555,000. Rhumbline Advisers boosted its position in shares of Avantor by 1.8% during the fourth quarter. Rhumbline Advisers now owns 1,922,368 shares of the company's stock worth $40,504,000 after acquiring an additional 33,692 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Avantor by 2.5% during the fourth 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 in the last quarter. Institutional investors own 95.08% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AVTR. Citigroup lowered their target price on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a research report 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. Cowen restated a "buy" rating on shares of Avantor in a report on Tuesday, March 18th. Stifel Nicolaus lowered their price target on shares of Avantor from $28.00 to $26.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, UBS Group reissued a "neutral" rating and set a $25.00 price objective (down from $29.00) on shares of Avantor in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.08.

Insider Transactions at Avantor

In other Avantor news, CAO Steven W. Eck sold 4,907 shares of the business's stock in a transaction that occurred on 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. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Bramwell sold 3,758 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 transaction of $65,877.74. Following the sale, the executive vice president now owns 87,379 shares of the company's stock, valued at $1,531,753.87. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Avantor Stock Up 3.5 %

Shares of AVTR stock traded up $0.51 during mid-day trading on Friday, hitting $15.21. The stock had a trading volume of 18,932,646 shares, compared to its average volume of 6,845,389. The firm has a market capitalization of $10.37 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. 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 12-month low of $13.80 and a 12-month high of $28.00. The firm's 50-day moving average is $16.80 and its two-hundred day moving average is $20.47.

Avantor (NYSE:AVTR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share 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 last year, the company earned $0.22 earnings per share. On average, analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

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.