American Century Companies Inc. Has $37.73 Million Stock Holdings in Avantor, Inc. $AVTR

Key Points

• American Century Companies Inc. increased its stake in Avantor, Inc. by 32.3%, acquiring an additional 567,704 shares to hold a total of 2,327,507 shares valued at approximately $37.7 million.
• Institutional investors and hedge funds now own 95.08% of Avantor's stock, indicating significant institutional interest in the company.
• Despite a quarterly revenue of $1.68 billion, Avantor reported an EPS of $0.24, missing estimates and showing a 1.1% decline compared to last year's results.

American Century Companies Inc. boosted its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 32.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,327,507 shares of the company's stock after acquiring an additional 567,704 shares during the quarter. American Century Companies Inc. owned 0.34% of Avantor worth $37,729,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AVTR. Wealthquest Corp acquired a new stake in Avantor in the 1st quarter valued at approximately $34,000. GAMMA Investing LLC increased its position in Avantor by 121.6% in the 1st quarter. GAMMA Investing LLC now owns 3,747 shares of the company's stock valued at $61,000 after acquiring an additional 2,056 shares during the period. Fifth Third Bancorp increased its position in Avantor by 52.0% in the 1st quarter. Fifth Third Bancorp now owns 3,972 shares of the company's stock valued at $64,000 after acquiring an additional 1,359 shares during the period. S Bank Fund Management Ltd acquired a new stake in Avantor in the 1st quarter valued at approximately $80,000. Finally, Signaturefd LLC increased its position in shares of Avantor by 19.8% during the 1st quarter. Signaturefd LLC now owns 5,470 shares of the company's stock valued at $89,000 after purchasing an additional 904 shares during the period. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVTR has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Avantor from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Cowen cut Avantor from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. TD Cowen cut Avantor from a "buy" rating to a "hold" rating and set a $15.50 price target on the stock. in a research report on Monday, April 28th. Robert W. Baird lowered their price target on Avantor from $18.00 to $15.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their price target on Avantor from $17.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $15.50.

Avantor Price Performance

Shares of AVTR traded up $0.08 during trading hours on Tuesday, hitting $13.29. 56,683,172 shares of the company were exchanged, compared to its average volume of 14,193,064. The company has a market capitalization of $9.06 billion, a PE ratio of 13.42, a PEG ratio of 1.49 and a beta of 0.96. The firm has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $14.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.67. Avantor, Inc. has a one year low of $10.82 and a one year high of $27.83.

Avantor (NYSE:AVTR - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Avantor had a return on equity of 11.39% and a net margin of 10.31%.The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. As a group, sell-side analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Activity at Avantor

In other news, CAO Steven W. Eck sold 3,476 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the sale, the chief accounting officer owned 55,068 shares of the company's stock, valued at $627,224.52. This trade represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

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.