Deutsche Bank AG Has $32.57 Million Stake in Avantor, Inc. (NYSE:AVTR)

Deutsche Bank AG reduced its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,545,592 shares of the company's stock after selling 51,597 shares during the period. Deutsche Bank AG owned 0.23% of Avantor worth $32,566,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in Avantor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 188,900 shares of the company's stock worth $3,980,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. increased its position in shares of Avantor by 6.9% during the fourth quarter. Blue Trust Inc. now owns 8,069 shares of the company's stock valued at $170,000 after acquiring an additional 522 shares in the last quarter. Pacer Advisors Inc. increased its position in Avantor by 0.5% during the fourth quarter. Pacer Advisors Inc. now owns 99,825 shares of the company's stock valued at $2,103,000 after acquiring an additional 542 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 valued at $26,000 after buying an additional 625 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Avantor by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 138,465 shares of the company's stock worth $2,917,000 after acquiring an additional 765 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AVTR. TD Cowen lowered shares of Avantor from a "buy" rating to a "hold" rating and set a $15.50 price objective for the company. in a report on Monday, April 28th. The Goldman Sachs Group lowered shares of Avantor from a "buy" rating to a "neutral" rating and cut their price target for the company from $23.00 to $14.00 in a research note on Tuesday, April 29th. Wells Fargo & Company cut their price objective on shares of Avantor from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley lowered shares of Avantor from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Finally, Barclays dropped their price objective on Avantor from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Avantor has an average rating of "Hold" and an average target price of $18.88.

Insider Buying and Selling at Avantor

In other news, Director Gregory L. Summe purchased 25,000 shares of Avantor stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $600,000. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Bramwell sold 3,758 shares of the firm'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 $65,877.74. Following the completion of the transaction, the executive vice president now directly owns 87,379 shares in the company, valued at approximately $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 1.20% of the company's stock.

Avantor Price Performance

NYSE AVTR traded down $0.11 on Monday, reaching $13.31. The company's stock had a trading volume of 1,589,459 shares, compared to its average volume of 7,771,214. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07. The stock has a market cap of $9.07 billion, a PE ratio of 12.84, a PEG ratio of 1.55 and a beta of 1.09. Avantor, Inc. has a twelve month low of $11.82 and a twelve month high of $28.00. The firm's 50 day moving average is $14.76 and its two-hundred day moving average is $18.56.

Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. Avantor had a net margin of 10.49% and a return on equity of 12.17%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm's revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Avantor, Inc. will post 1.06 EPS for the current 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.