Avantor, Inc. $AVTR Shares Acquired by Brickwood Asset Management LLP

Key Points

• Brickwood Asset Management LLP sharply increased its Avantor stake by 6,891.9% in the fourth quarter, buying more than 3.1 million shares and making AVTR its largest portfolio holding.
• Avantor beat quarterly earnings expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $1.58 billion versus $1.54 billion estimated.
• Insider buying has also been notable, with directors Simon Dingemans and Sanjeev K. Mehra purchasing shares, while analysts overall maintain a Hold rating with an average price target of $10.82.

Brickwood Asset Management LLP boosted its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 6,891.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,184,043 shares of the company's stock after purchasing an additional 3,138,504 shares during the quarter. Avantor accounts for about 25.4% of Brickwood Asset Management LLP's portfolio, making the stock its largest holding. Brickwood Asset Management LLP owned approximately 0.47% of Avantor worth $36,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AVTR. EverSource Wealth Advisors LLC raised its stake in Avantor by 119.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company's stock worth $29,000 after purchasing an additional 1,189 shares in the last quarter. Private Trust Co. NA raised its stake in Avantor by 46.2% in the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company's stock worth $32,000 after purchasing an additional 875 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in Avantor in the 2nd quarter worth about $32,000. Osaic Holdings Inc. raised its stake in Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company's stock worth $38,000 after purchasing an additional 1,064 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Avantor by 28.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company's stock worth $49,000 after purchasing an additional 905 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Insider Activity at Avantor

In related news, Director Simon Dingemans purchased 25,000 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $8.14 per share, with a total value of $203,500.00. Following the acquisition, the director owned 25,000 shares of the company's stock, valued at $203,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sanjeev K. Mehra purchased 125,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $8.01 per share, for a total transaction of $1,001,250.00. Following the completion of the acquisition, the director directly owned 475,000 shares in the company, valued at $3,804,750. The trade was a 35.71% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 160,000 shares of company stock valued at $1,287,950. 0.28% of the stock is owned by insiders.

Avantor Trading Up 8.7%

Shares of Avantor stock opened at $9.14 on Friday. The firm has a market capitalization of $6.24 billion, a PE ratio of -11.28, a price-to-earnings-growth ratio of 4.87 and a beta of 0.94. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm's 50 day moving average is $7.99 and its 200 day moving average is $9.77. Avantor, Inc. has a 1 year low of $7.26 and a 1 year high of $15.93.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The firm's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. Equities research analysts forecast that Avantor, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AVTR has been the subject of several analyst reports. Morgan Stanley set a $10.00 price objective on shares of Avantor in a research note on Friday, February 13th. Wall Street Zen raised shares of Avantor from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. UBS Group reissued a "neutral" rating and issued a $10.50 target price on shares of Avantor in a report on Thursday, February 12th. Evercore set a $10.00 target price on shares of Avantor in a report on Wednesday, February 11th. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a $8.00 target price on shares of Avantor in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Avantor has an average rating of "Hold" and an average price target of $10.82.

Avantor Profile

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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