Forum Financial Management LP Takes Position in Avantor, Inc. (NYSE:AVTR)

Forum Financial Management LP bought a new stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,807 shares of the company's stock, valued at approximately $417,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Avantor by 106.3% during 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 in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Avantor by 76.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after acquiring an additional 1,067 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Avantor during the fourth quarter worth approximately $65,000. Signaturefd LLC increased its position in shares of Avantor by 24.9% during the fourth quarter. Signaturefd LLC now owns 4,566 shares of the company's stock worth $96,000 after purchasing an additional 911 shares in the last quarter. Finally, CKW Financial Group lifted its holdings in Avantor by 116.7% in the 4th quarter. CKW Financial Group now owns 5,200 shares of the company's stock valued at $110,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Trading Down 1.0%

AVTR stock traded down $0.13 during midday trading on Friday, hitting $12.91. 11,443,298 shares of the company's stock were exchanged, compared to its average volume of 7,958,956. Avantor, Inc. has a 1-year low of $11.82 and a 1-year high of $28.00. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $8.80 billion, a PE ratio of 12.41, a P/E/G ratio of 1.55 and a beta of 1.09. The business has a 50-day simple moving average of $14.08 and a two-hundred day simple moving average of $17.93.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.17% and a net margin of 10.49%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $0.22 EPS. The company's quarterly revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVTR has been the subject of a number of research reports. Cowen lowered shares of Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Robert W. Baird dropped their price objective on shares of Avantor from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Barclays cut their price objective on shares of Avantor from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Raymond James restated an "outperform" rating and set a $24.00 target price (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Finally, The Goldman Sachs Group lowered Avantor from a "buy" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $14.00 in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently 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 the stock in a transaction dated Wednesday, May 7th. The stock was acquired 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph R. Massaro acquired 8,100 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average price of $12.30 per share, for a total transaction of $99,630.00. Following the acquisition, the director now directly owns 35,038 shares in the company, valued at approximately $430,967.40. This trade represents a 30.07% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 83,100 shares of company stock worth $1,027,630 over the last three months. Insiders own 1.20% of the company's stock.

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.