Transcend Capital Advisors LLC Buys Shares of 18,683 Avantor, Inc. (NYSE:AVTR)

Transcend Capital Advisors LLC acquired a new stake in Avantor, Inc. (NYSE:AVTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,683 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Avantor by 10.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock worth $132,000 after acquiring an additional 592 shares during the last quarter. American Trust raised its position in shares of Avantor by 4.5% during the fourth quarter. American Trust now owns 15,198 shares of the company's stock worth $320,000 after acquiring an additional 658 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Avantor by 106.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after acquiring an additional 830 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Avantor by 1.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 82,523 shares of the company's stock worth $1,767,000 after acquiring an additional 857 shares during the last quarter. Finally, Portside Wealth Group LLC raised its position in shares of Avantor by 9.0% during the first quarter. Portside Wealth Group LLC now owns 10,673 shares of the company's stock worth $173,000 after acquiring an additional 882 shares during the last quarter. Institutional investors own 95.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AVTR. TD Cowen downgraded Avantor from a "buy" rating to a "hold" rating and set a $15.50 target price for the company. in a research report on Monday, April 28th. Citigroup dropped their target price on Avantor from $22.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. 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 research note on Monday, April 28th. Cowen lowered Avantor from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Morgan Stanley lowered Avantor from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Avantor has a consensus rating of "Hold" and an average price target of $18.88.

Avantor Trading Up 3.3%

Shares of Avantor stock traded up $0.45 during trading on Tuesday, hitting $13.91. 17,435,800 shares of the company were exchanged, compared to its average volume of 8,382,987. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.75. The firm's fifty day moving average price is $13.20 and its 200 day moving average price is $16.76. Avantor, Inc. has a 1-year low of $11.82 and a 1-year high of $28.00. The firm has a market capitalization of $9.48 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

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, meeting the consensus estimate of $0.23. Avantor had a return on equity of 11.93% and a net margin of 10.70%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $0.22 EPS. Avantor's quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity at Avantor

In other Avantor news, Director Gregory L. Summe acquired 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of $12.50 per share, for a total transaction of $375,000.00. Following the transaction, the director owned 100,000 shares of the company's stock, valued at $1,250,000. This trade represents a 42.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph R. Massaro bought 8,100 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average price of $12.30 per share, for a total transaction of $99,630.00. Following the purchase, the director directly owned 35,038 shares in the company, valued at approximately $430,967.40. This represents a 30.07% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 83,100 shares of company stock valued at $1,027,630 over the last quarter. 1.20% of the stock is owned by insiders.

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.