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

Siemens Fonds Invest GmbH acquired a new stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,213 shares of the company's stock, valued at approximately $426,000.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Avantor by 106.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock valued at $34,000 after acquiring an additional 830 shares during the last quarter. Global Retirement Partners LLC increased its position in Avantor by 76.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after buying an additional 1,067 shares in the last quarter. AlphaQuest LLC purchased a new stake in Avantor in the fourth quarter worth about $65,000. Signaturefd LLC increased its position in Avantor by 24.9% in the fourth quarter. Signaturefd LLC now owns 4,566 shares of the company's stock worth $96,000 after buying an additional 911 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Avantor by 10.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock worth $132,000 after buying an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on AVTR shares. Morgan Stanley cut Avantor from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. TD Cowen cut Avantor from a "buy" rating to a "hold" rating and set a $15.50 price target for the company. in a research report on Monday, April 28th. Robert W. Baird reduced their price target on Avantor from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Citigroup reduced their price target on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. 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 research report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.88.

Insider Activity at Avantor

In related news, Director Gregory L. Summe acquired 20,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $12.65 per share, with a total value of $253,000.00. Following the purchase, the director now directly owns 70,000 shares of the company's stock, valued at approximately $885,500. This trade represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the purchase, the director now directly owns 35,038 shares in the company, valued at approximately $430,967.40. The trade was a 30.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 83,100 shares of company stock valued at $1,027,630. Insiders own 1.20% of the company's stock.

Avantor Price Performance

Shares of NYSE AVTR traded up $0.30 during mid-day trading on Tuesday, reaching $13.26. The company's stock had a trading volume of 8,251,423 shares, compared to its average volume of 7,974,416. The firm has a market capitalization of $9.04 billion, a PE ratio of 12.75, a P/E/G ratio of 1.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The stock has a fifty day moving average of $14.01 and a two-hundred day moving average of $17.85. 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 results on Friday, April 25th. The company reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $0.22 earnings per share. The firm's revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

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.