Avantor, Inc. $AVTR Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Avantor stake by 425% in the second quarter, purchasing 450,801 additional shares and bringing its holdings to 556,871 shares worth approximately $5.5 million. Institutional investors collectively own 95.08% of the company.
• Analysts maintain a predominantly cautious outlook, with a consensus “Hold” rating and an average price target of $12.00. Ratings include two Buys, fifteen Holds, and one Sell.
• Avantor exceeded quarterly expectations, reporting $0.21 in adjusted EPS versus the $0.19 consensus and revenue of $1.69 billion versus $1.61 billion expected. The company reaffirmed fiscal 2026 EPS guidance of $0.80–$0.83.

Assenagon Asset Management S.A. raised its position in Avantor, Inc. (NYSE:AVTR - Free Report) by 425.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 556,871 shares of the company's stock after purchasing an additional 450,801 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Avantor worth $5,513,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Avantor by 119.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company's stock valued at $29,000 after purchasing an additional 1,189 shares during the period. Private Trust Co. NA raised its stake in shares of Avantor by 46.2% during the fourth quarter. Private Trust Co. NA now owns 2,769 shares of the company's stock valued at $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 second quarter worth about $32,000. Los Angeles Capital Management LLC acquired a new stake in Avantor in the fourth quarter worth about $32,000. Finally, Osaic Holdings Inc. grew its position in Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company's stock valued at $38,000 after buying an additional 1,064 shares in the last quarter. Institutional investors own 95.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Avantor from $9.00 to $14.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Avantor from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. UBS Group set a $8.00 price objective on shares of Avantor in a research note on Wednesday, June 24th. TD Cowen reissued a "hold" rating on shares of Avantor in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $13.00 target price on shares of Avantor in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Avantor currently has a consensus rating of "Hold" and an average target price of $12.00.

Avantor Stock Performance

NYSE:AVTR opened at $13.87 on Thursday. The company has a 50-day moving average of $11.03 and a 200-day moving average of $9.51. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of -16.51, a price-to-earnings-growth ratio of 10.37 and a beta of 0.89. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.65. Avantor, Inc. has a twelve month low of $7.26 and a twelve month high of $15.93.

Avantor (NYSE:AVTR - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $0.24 EPS. The business'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. Analysts forecast that Avantor, Inc. will post 0.81 earnings per share for the current fiscal year.

About Avantor

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.

Want to see what other hedge funds are holding AVTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avantor, Inc. (NYSE:AVTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source