1 day Ago By ABMN Staff
Wells Fargo & Company MN reduced its position in shares of Avantor, Inc. ( NYSE:AVTR – Free Report ) by 4.5% during the 4th quarter, HoldingsChannel reports.
The fund owned 861,753 shares of the company’s stock after selling 40,322 shares during the period. Wells Fargo & Company MN’s holdings in Avantor were worth $18,157,000 at the end of the most recent reporting period. A number of other institutional investors have also recently modified their holdings of AVTR.
Prudential PLC grew its stake in Avantor by 323.9% in the 4th quarter. Prudential PLC now owns 56,068 shares of the company’s stock valued at $1,181,000 after acquiring an additional 42,841 shares during the period.
ExodusPoint Capital Management LP purchased a new stake in shares of Avantor during the fourth quarter worth about $13,368,000. Westpac Banking Corp raised its position in shares of Avantor by 14.3% during the 4th quarter.
Westpac Banking Corp now owns 9,650 shares of the company’s stock worth $203,000 after purchasing an additional 1,207 shares during the last quarter. Geode Capital Management LLC lifted its stake in Avantor by 0.7% in the 4th quarter.
Geode Capital Management LLC now owns 11,232,329 shares of the company’s stock valued at $236,227,000 after buying an additional 81,541 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Avantor by 1.
6% in the 4th quarter. Franklin Resources Inc. now owns 1,150,929 shares of the company’s stock worth $24,250,000 after buying an additional 17,598 shares during the last quarter.
95.08% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of equities analysts have commented on AVTR shares.
Royal Bank of Canada reduced their target price on Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, February 10th.
Morgan Stanley decreased their price objective on Avantor from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, February 10th.
UBS Group reaffirmed a “neutral” rating and set a $25.00 target price (down previously from $29.00) on shares of Avantor in a report on Friday, January 17th.
Wells Fargo & Company reduced their target price on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, February 10th.
Finally, Raymond James reaffirmed an “outperform” rating and set a $24.00 price objective (down previously from $26.00) on shares of Avantor in a research note on Monday, February 10th.
Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Avantor presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.08.
Avantor Stock Up 3.5 % AVTR stock opened at $15.21 on Monday.
Avantor, Inc. has a one year low of $13.80 and a one year high of $28.
00. The firm has a market cap of $10.37 billion, a PE ratio of 14.
63, a PEG ratio of 1.55 and a beta of 1.24.
The firm’s 50 day moving average price is $16.80 and its 200-day moving average price is $20.44.
The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.
07. Avantor ( NYSE:AVTR – Get Free Report ) last posted its earnings results on Wednesday, February 12th. The company reported $0.
27 EPS for the quarter, beating 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 period in the prior year, the company earned $0.22 EPS. On average, equities research analysts anticipate that Avantor, Inc.
will post 1.06 EPS for the current year. Insider Activity at Avantor In other news, CAO Steven W.
Eck sold 4,907 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $86,019.
71. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website .
Also, EVP James Bramwell sold 3,758 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 owns 87,379 shares in the company, valued at $1,531,753.87.
This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here .
1.50% of the stock is owned by insiders. About Avantor ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding AVTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avantor, Inc.
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