Quantitative Investment Management LLC Has $1.30 Million Stock Position in Avantor, Inc. $AVTR

Key Points

• Quantitative Investment Management LLC increased its stake in Avantor, Inc. by 112.8%, owning 79,950 shares valued at approximately $1.30 million as of its latest SEC filing.
• Institutional investors currently hold 95.08% of Avantor's stock, reflecting a strong interest from various large investment firms.
• Recent analyst reports have resulted in target price adjustments for Avantor, with JPMorgan lowering it from $17.00 to $14.00 and Goldman Sachs downgrading their rating from "buy" to "neutral."

Quantitative Investment Management LLC lifted its stake in Avantor, Inc. (NYSE:AVTR - Free Report) by 112.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,950 shares of the company's stock after purchasing an additional 42,377 shares during the quarter. Quantitative Investment Management LLC's holdings in Avantor were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dodge & Cox lifted its holdings in shares of Avantor by 1.1% during the 1st quarter. Dodge & Cox now owns 100,262,723 shares of the company's stock valued at $1,625,259,000 after buying an additional 1,116,953 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Avantor by 288.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company's stock worth $28,000 after purchasing an additional 1,263 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Avantor by 69.7% during the 1st quarter. AlphaQuest LLC now owns 5,207 shares of the company's stock worth $84,000 after purchasing an additional 2,138 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Avantor by 89.8% in the 1st quarter. 1832 Asset Management L.P. now owns 18,127,204 shares of the company's stock valued at $293,842,000 after buying an additional 8,578,493 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in Avantor by 17.8% in the 1st quarter. Clarkston Capital Partners LLC now owns 9,591,950 shares of the company's stock valued at $155,486,000 after buying an additional 1,446,125 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Steven W. Eck sold 3,476 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the transaction, the chief accounting officer directly owned 55,068 shares of the company's stock, valued at $627,224.52. This represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AVTR shares. JPMorgan Chase & Co. dropped their target price on Avantor from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. The Goldman Sachs Group downgraded 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. Wells Fargo & Company cut their price objective on Avantor from $19.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Jefferies Financial Group reissued a "hold" rating on shares of Avantor in a report on Friday, August 1st. Finally, Raymond James Financial set a $14.00 price objective on Avantor and gave the company an "outperform" rating in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.50.

Avantor Trading Up 5.5%

Shares of AVTR stock opened at $13.2550 on Monday. The firm has a market capitalization of $9.04 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.50 and a beta of 0.96. Avantor, Inc. has a twelve month low of $10.82 and a twelve month high of $27.83. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $13.13 and its 200 day simple moving average is $14.38.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Avantor had a net margin of 10.31% and a return on equity of 11.39%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Avantor Profile

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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