OneDigital Investment Advisors LLC Makes New Investment in Avantor, Inc. $AVTR

Key Points

• OneDigital Investment Advisors bought 142,922 Avantor shares in the second quarter, valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 95.08% of the company.
• Avantor reported quarterly earnings of $0.21 per share, beating estimates of $0.19, while revenue reached $1.69 billion versus the $1.61 billion consensus estimate.
• Analysts maintain a consensus “Hold” rating with a $12.00 price target; shares recently traded at $13.52 after gaining from a 52-week low of $7.26.

OneDigital Investment Advisors LLC purchased a new stake in Avantor, Inc. (NYSE:AVTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 142,922 shares of the company's stock, valued at approximately $1,415,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in shares of Avantor in the fourth quarter worth approximately $268,584,000. Morgan Stanley increased its position in Avantor by 179.4% during the fourth quarter. Morgan Stanley now owns 17,468,418 shares of the company's stock worth $200,188,000 after purchasing an additional 11,216,565 shares during the last quarter. Engine Capital Management LP increased its position in Avantor by 65.8% during the first quarter. Engine Capital Management LP now owns 19,780,830 shares of the company's stock worth $155,082,000 after purchasing an additional 7,853,018 shares during the last quarter. Norges Bank purchased a new position in Avantor during the fourth quarter worth approximately $73,322,000. Finally, Bank of New York Mellon Corp purchased a new position in Avantor during the second quarter worth approximately $40,800,000. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Trading Down 1.0%

Shares of AVTR stock opened at $13.52 on Tuesday. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of -16.10, a price-to-earnings-growth ratio of 10.29 and a beta of 0.89. The company has a quick ratio of 1.18, a current ratio of 1.78 and a debt-to-equity ratio of 0.65. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93. The firm's 50 day moving average price is $11.28 and its two-hundred day moving average price is $9.55.

Avantor (NYSE:AVTR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Avantor had a negative net margin of 8.81% and a positive return on equity of 9.92%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts anticipate that Avantor, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Avantor from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. Jefferies Financial Group upgraded Avantor from an "underperform" rating to a "hold" rating and set a $13.00 price objective for the company in a report on Wednesday, July 29th. Barclays increased their target price on Avantor from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 24th. UBS Group set a $8.00 target price on Avantor in a report on Wednesday, June 24th. Finally, Citigroup boosted their price target on Avantor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.00.

Avantor Profile

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.

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