Siemens Fonds Invest GmbH Takes $426,000 Position in Avantor, Inc. (NYSE:AVTR)

Siemens Fonds Invest GmbH bought a new position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 20,213 shares of the company's stock, valued at approximately $426,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox grew its stake in Avantor by 44.9% during the 4th quarter. Dodge & Cox now owns 99,145,770 shares of the company's stock valued at $2,089,001,000 after purchasing an additional 30,727,673 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Avantor by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 63,969,754 shares of the company's stock valued at $1,347,843,000 after buying an additional 1,211,418 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Avantor by 41.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 30,528,092 shares of the company's stock valued at $643,227,000 after buying an additional 8,936,879 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Avantor by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 21,037,089 shares of the company's stock valued at $443,251,000 after buying an additional 112,644 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Avantor by 2.5% in the 4th quarter. Janus Henderson Group PLC now owns 18,136,206 shares of the company's stock valued at $382,131,000 after buying an additional 443,501 shares during the period. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Avantor news, Director Joseph R. Massaro acquired 8,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average cost of $12.30 per share, for a total transaction of $99,630.00. Following the completion of the transaction, the director now owns 35,038 shares of the company's stock, valued at approximately $430,967.40. The trade was a 30.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Steven W. Eck sold 4,907 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the sale, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at $711,788.12. The trade was a 10.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AVTR shares. Wells Fargo & Company decreased their price objective on Avantor from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Cowen cut Avantor from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley cut Avantor from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. The Goldman Sachs Group cut Avantor from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $23.00 to $14.00 in a report on Tuesday, April 29th. Finally, Royal Bank of Canada reduced their price target on Avantor from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Avantor currently has a consensus rating of "Hold" and a consensus price target of $18.88.

Avantor Price Performance

AVTR stock traded up $0.12 during midday trading on Tuesday, reaching $13.48. The stock had a trading volume of 11,197,251 shares, compared to its average volume of 7,840,043. The company's fifty day simple moving average is $14.67 and its 200 day simple moving average is $18.46. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth 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.

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