Callan Family Office LLC Invests $2.02 Million in Avantor, Inc. $AVTR

Key Points

• Callan Family Office acquired 204,134 Avantor shares worth approximately $2.02 million during the second quarter. Institutional investors collectively own 95.08% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $12.00, although Wells Fargo raised its target to $16 and upgraded the stock to “overweight.”
• Avantor’s latest quarterly results exceeded expectations, with EPS of $0.21 versus the $0.19 consensus and revenue of $1.69 billion versus $1.61 billion expected. Shares recently opened at $14.45, near the company’s 52-week high of $15.93.

Callan Family Office LLC acquired a new position in Avantor, Inc. (NYSE:AVTR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 204,134 shares of the company's stock, valued at approximately $2,021,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in Avantor by 119.1% in the 2nd 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. Strategic Wealth Investment Group LLC bought a new position in shares of Avantor during the 2nd quarter worth about $32,000. Osaic Holdings Inc. increased its holdings in shares of Avantor by 60.9% during 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 during the period. Los Angeles Capital Management LLC acquired a new position in shares of Avantor during the fourth quarter valued at about $32,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Avantor during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 95.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Avantor from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Avantor from a "hold" rating to a "buy" rating in a research note on Saturday, June 27th. Barclays upped their price target on Avantor from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Wednesday, June 24th. Stifel Nicolaus raised their price objective on Avantor from $8.00 to $15.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein initiated coverage on Avantor in a report on Friday, June 26th. They set a "market perform" rating and a $10.50 price objective on the stock. Two research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.00.

Avantor Trading Down 0.1%

Shares of NYSE AVTR opened at $14.45 on Monday. Avantor, Inc. has a 1-year low of $7.26 and a 1-year high of $15.93. The company has a 50-day moving average of $11.63 and a two-hundred day moving average of $9.64. The company has a market cap of $9.77 billion, a PE ratio of -17.20, a P/E/G ratio of 10.91 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 (NYSE:AVTR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.61 billion. Avantor had a negative net margin of 8.81% and a positive return on equity of 9.92%. Avantor's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts expect 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.

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