ADAR1 Capital Management LLC acquired a new stake in Avantor, Inc. (NYSE:AVTR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 130,000 shares of the company's stock, valued at approximately $1,287,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Avantor in the second quarter worth about $695,784,000. Wellington Management Group LLP purchased a new stake in shares of Avantor during the 4th quarter worth approximately $268,584,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Avantor in the 2nd quarter worth approximately $195,386,000. Morgan Stanley raised its holdings in shares of Avantor by 179.4% in the 4th quarter. Morgan Stanley now owns 17,468,418 shares of the company's stock worth $200,188,000 after purchasing an additional 11,216,565 shares during the period. Finally, Engine Capital Management LP lifted its stake in Avantor by 65.8% in the first quarter. Engine Capital Management LP now owns 19,780,830 shares of the company's stock valued at $155,082,000 after purchasing an additional 7,853,018 shares during the last quarter. 95.08% of the stock is owned by institutional investors.
Avantor Stock Up 1.3%
Shares of NYSE AVTR opened at $14.44 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $11.82 and a 200-day moving average of $9.69. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of -17.19, a PEG ratio of 10.76 and a beta of 0.89. Avantor, Inc. has a 12 month low of $7.26 and a 12 month high of $15.93.
Avantor (NYSE:AVTR - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Avantor had a negative net margin of 8.81% and a positive return on equity of 9.92%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business posted $0.24 earnings per share. Avantor's revenue for the quarter was up .5% on a year-over-year basis. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts expect that Avantor, Inc. will post 0.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. UBS Group set a $8.00 price target on Avantor in a research note on Wednesday, June 24th. Barclays boosted their price objective on Avantor from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Wednesday, June 24th. Royal Bank Of Canada increased their target price on shares of Avantor from $9.00 to $14.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Wells Fargo & Company lifted their target price on shares of Avantor from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Evercore set a $10.50 price target on shares of Avantor in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.00.
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About Avantor
(
Free Report)
Avantor, Inc NYSE: AVTR is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.
Avantor's offerings are organized across two primary segments.
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