UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Avantor, Inc. (NYSE:AVTR - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,597,032 shares of the company's stock after acquiring an additional 509,816 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.26% of Avantor worth $181,139,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in AVTR. Dodge & Cox increased its position in Avantor by 44.9% in the 4th quarter. Dodge & Cox now owns 99,145,770 shares of the company's stock valued at $2,089,001,000 after acquiring an additional 30,727,673 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Avantor by 41.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 30,528,092 shares of the company's stock valued at $643,227,000 after acquiring an additional 8,936,879 shares during the period. Norges Bank bought a new position in Avantor during the 4th quarter valued at $142,512,000. The Manufacturers Life Insurance Company boosted its stake in Avantor by 48.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,158,175 shares of the company's stock valued at $192,963,000 after purchasing an additional 2,983,439 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in Avantor by 43.6% during the 4th quarter. Clarkston Capital Partners LLC now owns 8,145,825 shares of the company's stock valued at $171,633,000 after purchasing an additional 2,473,395 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AVTR has been the subject of a number of research reports. The Goldman Sachs Group lowered Avantor from a "buy" rating to a "neutral" rating and decreased their price target for the company from $23.00 to $14.00 in a research note on Tuesday, April 29th. Barclays decreased their price target on Avantor from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Robert W. Baird decreased their price target on Avantor from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Cowen lowered Avantor from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company decreased their price target on Avantor from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.88.
View Our Latest Analysis on AVTR
Avantor Stock Performance
AVTR opened at $12.87 on Friday. The firm has a market cap of $8.77 billion, a PE ratio of 12.37, a P/E/G ratio of 1.55 and a beta of 1.09. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $14.52 and a 200-day simple moving average of $18.36. Avantor, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $28.00.
Avantor (NYSE:AVTR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The company's revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. As a group, equities analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal year.
Insider Transactions at Avantor
In other news, CAO Steven W. Eck sold 4,907 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the sale, the chief accounting officer now owns 40,604 shares of the company's stock, valued at $711,788.12. This trade represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP James Bramwell sold 3,758 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $65,877.74. Following the completion of the sale, the executive vice president now directly owns 87,379 shares of the company's stock, valued at approximately $1,531,753.87. This trade represents a 4.12% decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 53,100 shares of company stock valued at $652,630 over the last quarter. Company 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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