Siemens Fonds Invest GmbH Makes New $426,000 Investment in Avantor, Inc. (NYSE:AVTR)

Siemens Fonds Invest GmbH purchased a new position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,213 shares of the company's stock, valued at approximately $426,000.

A number of other institutional investors have also made changes to their positions in the company. Legacy Wealth Asset Management LLC boosted its holdings in shares of Avantor by 6.5% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 24,363 shares of the company's stock worth $513,000 after buying an additional 1,496 shares during the period. Avanza Fonder AB bought a new stake in shares of Avantor during the 4th quarter valued at $1,368,000. Wedge Capital Management L L P NC raised its position in shares of Avantor by 2.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 66,068 shares of the company's stock valued at $1,392,000 after acquiring an additional 1,677 shares during the period. Kera Capital Partners Inc. bought a new stake in shares of Avantor in the fourth quarter worth about $393,000. Finally, Diversify Wealth Management LLC lifted its position in Avantor by 10.0% in the 4th quarter. Diversify Wealth Management LLC now owns 41,069 shares of the company's stock valued at $890,000 after acquiring an additional 3,722 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AVTR shares. Morgan Stanley downgraded shares of Avantor from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Robert W. Baird cut their price objective on Avantor from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Barclays reduced their price target on shares of Avantor from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Royal Bank of Canada decreased their price objective on Avantor from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Stifel Nicolaus lowered shares of Avantor from a "buy" rating to a "hold" rating and reduced their price target for the company from $26.00 to $14.00 in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.88.

Insider Transactions at Avantor

In other news, Director Joseph R. Massaro acquired 8,100 shares of the stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $12.30 per share, for a total transaction of $99,630.00. Following the purchase, the director now directly owns 35,038 shares of the company's stock, valued at approximately $430,967.40. This trade represents a 30.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the sale, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at approximately $711,788.12. The trade was a 10.78% decrease in their position. The disclosure for this sale can be found here. Insiders purchased 53,100 shares of company stock valued at $652,630 over the last three months. 1.20% of the stock is owned by corporate insiders.

Avantor Trading Down 2.5%

AVTR stock traded down $0.33 during trading on Friday, reaching $12.54. 1,272,391 shares of the stock traded hands, compared to its average volume of 7,866,590. The business's 50 day moving average price is $14.52 and its 200-day moving average price is $18.36. The firm has a market capitalization of $8.54 billion, a PE ratio of 12.03, a P/E/G ratio of 1.55 and a beta of 1.09. Avantor, Inc. has a 52-week low of $11.82 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The business's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, sell-side analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current 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.