Massachusetts Financial Services Co. MA decreased its holdings in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,214,408 shares of the company's stock after selling 287,678 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.06% of Avantor worth $82,677,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AVTR. Greenhaven Associates Inc. acquired a new stake in shares of Avantor during the third quarter worth $228,528,000. London Co. of Virginia acquired a new stake in shares of Avantor during the 3rd quarter worth $159,669,000. Bank of America Corp DE increased its holdings in shares of Avantor by 122.0% during the 2nd quarter. Bank of America Corp DE now owns 7,495,095 shares of the company's stock worth $100,884,000 after buying an additional 4,119,522 shares during the last quarter. Voss Capital LP increased its holdings in shares of Avantor by 905.6% during the 3rd quarter. Voss Capital LP now owns 4,525,000 shares of the company's stock worth $56,472,000 after buying an additional 4,075,000 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings in shares of Avantor by 278.0% during the 3rd quarter. Holocene Advisors LP now owns 5,493,677 shares of the company's stock worth $68,561,000 after buying an additional 4,040,154 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Stifel Nicolaus set a $10.00 price objective on Avantor in a report on Thursday, February 12th. Jefferies Financial Group restated an "underperform" rating and set a $8.00 price objective on shares of Avantor in a report on Thursday, February 12th. Bank of America downgraded Avantor from a "buy" rating to a "neutral" rating and set a $13.00 price objective for the company. in a report on Monday, December 15th. UBS Group restated a "neutral" rating and set a $10.50 price objective on shares of Avantor in a report on Thursday, February 12th. Finally, Robert W. Baird set a $11.00 price objective on Avantor in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.80.
Check Out Our Latest Stock Report on Avantor
Insiders Place Their Bets
In related news, Director Gregory L. Summe bought 100,000 shares of the company's stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $9.40 per share, with a total value of $940,000.00. Following the transaction, the director owned 400,000 shares of the company's stock, valued at approximately $3,760,000. This trade represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sanjeev K. Mehra bought 125,000 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of $8.01 per share, with a total value of $1,001,250.00. Following the transaction, the director directly owned 475,000 shares in the company, valued at approximately $3,804,750. The trade was a 35.71% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 275,000 shares of company stock worth $2,399,250 in the last quarter. 0.28% of the stock is owned by corporate insiders.
Avantor Stock Performance
Shares of AVTR stock opened at $8.18 on Tuesday. Avantor, Inc. has a 12 month low of $7.26 and a 12 month high of $16.17. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.78 and a quick ratio of 1.18. The firm has a market capitalization of $5.58 billion, a P/E ratio of -10.48, a P/E/G ratio of 3.10 and a beta of 1.00. The company's fifty day moving average price is $8.64 and its two-hundred day moving average price is $10.93.
Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Avantor had a negative net margin of 8.09% and a positive return on equity of 10.45%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. Avantor has set its FY 2026 guidance at 0.770-0.830 EPS. On average, research analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.
Avantor Profile
(
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.
Featured Articles
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.
Before you consider Avantor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Avantor wasn't on the list.
While Avantor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
