Avantor, Inc. (NYSE:AVTR) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 68.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,385 shares of the company's stock after selling 66,032 shares during the period. XTX Topco Ltd's holdings in Avantor were worth $640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVTR. MassMutual Private Wealth & Trust FSB increased 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 purchasing an additional 625 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Avantor by 106.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after buying an additional 830 shares during the period. Global Retirement Partners LLC boosted its holdings in Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock valued at $52,000 after purchasing an additional 1,067 shares during the period. UMB Bank n.a. boosted its holdings in Avantor by 56.3% in the 4th 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, AlphaQuest LLC bought a new position in Avantor in the 4th quarter valued at $65,000. 95.08% of the stock is owned by institutional investors.

Insider Activity

In other Avantor news, EVP James Bramwell sold 3,758 shares of the 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 transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 40,604 shares in the company, valued at approximately $711,788.12. The trade was a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. 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 note on Monday, February 10th. Stifel Nicolaus dropped their price target on Avantor from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Morgan Stanley dropped their price target on Avantor from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. UBS Group reissued a "neutral" rating and issued a $25.00 target price (down previously from $29.00) on shares of Avantor in a research note on Friday, January 17th. Finally, Barclays lowered their target price 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Avantor currently has an average rating of "Moderate Buy" and an average price target of $24.82.

Avantor Stock Up 0.9 %

Shares of NYSE:AVTR traded up $0.14 during trading hours on Thursday, hitting $15.61. The company's stock had a trading volume of 3,313,995 shares, compared to its average volume of 7,621,001. Avantor, Inc. has a 52 week low of $13.80 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.55 and a beta of 1.24. The firm's fifty day moving average price is $16.15 and its 200 day moving average price is $19.94.

Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, topping the consensus estimate 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. As a group, research analysts expect that Avantor, Inc. will post 1.06 EPS 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.