CCLA Investment Management raised its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,849,536 shares of the company's stock after purchasing an additional 491,833 shares during the period. CCLA Investment Management owned 0.86% of Avantor worth $94,820,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Dodge & Cox increased its stake in Avantor by 44.9% during the fourth quarter. Dodge & Cox now owns 99,145,770 shares of the company's stock worth $2,089,001,000 after acquiring an additional 30,727,673 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Avantor by 48.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,158,175 shares of the company's stock worth $192,963,000 after purchasing an additional 2,983,439 shares during the period. Clarkston Capital Partners LLC increased its position in Avantor by 43.6% during the 4th quarter. Clarkston Capital Partners LLC now owns 8,145,825 shares of the company's stock worth $171,633,000 after purchasing an additional 2,473,395 shares in the last quarter. FMR LLC raised its holdings in Avantor by 49.6% in the fourth quarter. FMR LLC now owns 6,992,096 shares of the company's stock valued at $147,323,000 after buying an additional 2,316,813 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in Avantor by 62.2% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,699,584 shares of the company's stock valued at $99,020,000 after buying an additional 1,801,483 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.
Avantor Stock Down 15.4%
AVTR opened at $11.37 on Friday. The firm has a market cap of $7.75 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 1.12. The business has a 50 day moving average price of $13.37 and a 200 day moving average price of $15.44. Avantor, Inc. has a twelve month low of $10.82 and a twelve month high of $27.83.
Avantor (NYSE:AVTR - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Avantor had a return on equity of 11.93% and a net margin of 10.70%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current year.
Wall Street Analyst Weigh In
AVTR has been the subject of a number of analyst reports. Cowen cut shares of Avantor from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. TD Cowen downgraded Avantor from a "buy" rating to a "hold" rating and set a $15.50 price target for the company. in a report on Monday, April 28th. Royal Bank Of Canada cut their target price on shares of Avantor from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus lowered shares of Avantor from a "buy" rating to a "hold" rating and lowered their price target for the stock from $26.00 to $14.00 in a research report on Monday, April 28th. Finally, Jefferies Financial Group downgraded shares of Avantor from a "buy" rating to a "hold" rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.23.
View Our Latest Report on Avantor
Insider Activity
In other news, Director Gregory L. Summe acquired 30,000 shares of Avantor stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $12.50 per share, for a total transaction of $375,000.00. Following the transaction, the director owned 100,000 shares of the company's stock, valued at $1,250,000. The trade was a 42.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have bought 75,000 shares of company stock worth $928,000. Insiders own 1.20% of the company's stock.
About Avantor
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Free Report)
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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