Lightrock Netherlands B.V. Invests $3.49 Million in Avantor, Inc. (NYSE:AVTR)

Lightrock Netherlands B.V. acquired a new position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 215,000 shares of the company's stock, valued at approximately $3,491,000.

Other large investors have also modified their holdings of the company. Tidal Investments LLC increased its position in shares of Avantor by 59.6% during the fourth quarter. Tidal Investments LLC now owns 18,869 shares of the company's stock worth $398,000 after acquiring an additional 7,048 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Avantor by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,027,636 shares of the company's stock worth $63,792,000 after purchasing an additional 74,735 shares in the last quarter. Rhenman & Partners Asset Management AB grew its stake in shares of Avantor by 40.5% during the fourth quarter. Rhenman & Partners Asset Management AB now owns 61,826 shares of the company's stock worth $1,303,000 after purchasing an additional 17,826 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Avantor by 106.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after purchasing an additional 830 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Avantor during the fourth quarter worth $33,091,000. Hedge funds and other institutional investors own 95.08% of the company's stock.

Avantor Trading Down 0.1%

NYSE AVTR opened at $13.88 on Friday. The stock has a market capitalization of $9.46 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.47 and a beta of 1.05. Avantor, Inc. has a 52-week low of $11.82 and a 52-week high of $28.00. The firm has a 50-day moving average price of $13.13 and a 200 day moving average price of $16.61. The company has a quick ratio of 0.75, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Avantor had a net margin of 10.70% and a return on equity of 11.93%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm earned $0.22 EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. Equities research analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on AVTR shares. Cowen downgraded shares of Avantor from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Stifel Nicolaus downgraded shares of Avantor from a "buy" rating to a "hold" rating and lowered their target price for the stock from $26.00 to $14.00 in a research note on Monday, April 28th. Royal Bank Of Canada decreased their price objective on shares of Avantor from $24.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company decreased their price objective on shares of Avantor from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Barclays decreased their price objective on shares of Avantor from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.14.

Insider Activity at Avantor

In related news, Director Joseph R. Massaro acquired 8,100 shares of the stock in a transaction dated Tuesday, April 29th. The stock was bought at an average cost of $12.30 per share, with a total value of $99,630.00. Following the purchase, the director directly owned 35,038 shares of the company's stock, valued at approximately $430,967.40. This represents a 30.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory L. Summe bought 30,000 shares of Avantor stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $12.50 per share, for a total transaction of $375,000.00. Following the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $1,250,000. This represents a 42.86% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 83,100 shares of company stock valued at $1,027,630 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

About Avantor

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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