Deutsche Bank AG Sells 51,597 Shares of Avantor, Inc. (NYSE:AVTR)

Deutsche Bank AG lowered its stake in Avantor, Inc. (NYSE:AVTR - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure 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 quarter. Deutsche Bank AG owned 0.23% of Avantor worth $32,566,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Crestline Management LP boosted its stake in shares of Avantor by 84.7% in the 4th quarter. Crestline Management LP now owns 24,409 shares of the company's stock worth $514,000 after buying an additional 11,192 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in Avantor by 102.6% in the fourth quarter. Brevan Howard Capital Management LP now owns 23,894 shares of the company's stock valued at $503,000 after acquiring an additional 12,098 shares during the period. Bayesian Capital Management LP purchased a new position in Avantor in the fourth quarter worth about $356,000. Ameriprise Financial Inc. boosted its position in Avantor by 15.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,645,022 shares of the company's stock worth $34,661,000 after purchasing an additional 225,751 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Avantor during the 4th quarter valued at about $1,552,000. Institutional investors own 95.08% of the company's stock.

Analysts Set New Price Targets

AVTR has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective on shares of Avantor from $24.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Cowen downgraded shares of Avantor from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Citigroup dropped their price target on shares of 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 downgraded shares of Avantor from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus cut Avantor from a "buy" rating to a "hold" rating and decreased their target price for the stock from $26.00 to $14.00 in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.88.

Avantor Stock Performance

Shares of NYSE AVTR opened at $13.31 on Wednesday. The stock has a market cap of $9.07 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. Avantor, Inc. has a 1 year low of $11.82 and a 1 year high of $28.00. The firm has a fifty day moving average price of $15.01 and a 200-day moving average price of $18.79. 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 (NYSE:AVTR - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Avantor had a net margin of 10.49% and a return on equity of 12.17%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm posted $0.22 EPS. Avantor's quarterly revenue was down 5.9% compared to the same quarter last year. Equities analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity

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 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 completion of the sale, the chief accounting officer now owns 40,604 shares in the company, valued at approximately $711,788.12. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.