Applied Finance Capital Management LLC Makes New Investment in Avantor, Inc. $AVTR

Key Points

• Applied Finance Capital Management LLC recently acquired a new stake in Avantor, Inc., purchasing 17,230 shares valued at approximately $232,000 during the second quarter.
• Institutional investors currently own 95.08% of Avantor's stock, indicating significant institutional interest and investment in the company.
• Avantor reported a net margin of 10.31% with earnings per share (EPS) of $0.24 for the most recent quarter, missing the consensus estimate by $0.01.

Applied Finance Capital Management LLC bought a new stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,230 shares of the company's stock, valued at approximately $232,000.

Several other institutional investors have also modified their holdings of AVTR. Fifth Third Bancorp grew its stake in Avantor by 1,741.4% during the 2nd quarter. Fifth Third Bancorp now owns 73,141 shares of the company's stock valued at $984,000 after purchasing an additional 69,169 shares in the last quarter. Stanley Capital Management LLC grew its position in shares of Avantor by 42.9% during the first quarter. Stanley Capital Management LLC now owns 998,500 shares of the company's stock worth $16,186,000 after buying an additional 300,000 shares in the last quarter. Swedbank AB grew its position in shares of Avantor by 71.4% during the second quarter. Swedbank AB now owns 102,514 shares of the company's stock worth $1,380,000 after buying an additional 42,700 shares in the last quarter. Perpetual Ltd increased its stake in shares of Avantor by 3.5% in the second quarter. Perpetual Ltd now owns 1,805,497 shares of the company's stock worth $24,302,000 after buying an additional 60,823 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Avantor by 85.5% in the first quarter. US Bancorp DE now owns 11,135 shares of the company's stock valued at $180,000 after acquiring an additional 5,133 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Insider Activity at Avantor

In other news, CAO Steven W. Eck sold 3,476 shares of Avantor stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total transaction of $39,591.64. Following the sale, the chief accounting officer owned 55,068 shares of the company's stock, valued at approximately $627,224.52. The trade was a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Avantor Price Performance

Shares of NYSE AVTR opened at $14.82 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.67. The firm has a market capitalization of $10.10 billion, a PE ratio of 14.97, a P/E/G ratio of 4.83 and a beta of 0.98. Avantor, Inc. has a 1-year low of $10.82 and a 1-year high of $24.86. The business's fifty day moving average price is $13.07 and its two-hundred day moving average price is $13.34.

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

Analyst Upgrades and Downgrades

AVTR has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Avantor from $18.00 to $15.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Stifel Nicolaus set a $12.00 price objective on Avantor and gave the company a "hold" rating in a report on Monday, August 4th. Jefferies Financial Group restated a "hold" rating on shares of Avantor in a research note on Friday, August 1st. Evercore ISI decreased their target price on Avantor from $18.00 to $16.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Finally, Raymond James Financial upped their price target on Avantor from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.81.

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.

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