Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in Avantor, Inc. (NYSE:AVTR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Avantor, Inc. (NYSE:AVTR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 271,082 shares of the company's stock, valued at approximately $5,712,000.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Avantor by 106.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after purchasing an additional 830 shares in the last quarter. Global Retirement Partners LLC grew its position in Avantor by 76.7% in the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company's stock worth $52,000 after purchasing an additional 1,067 shares during the period. AlphaQuest LLC purchased a new stake in Avantor during the fourth quarter valued at $65,000. Signaturefd LLC increased its position in shares of Avantor by 24.9% during the 4th quarter. Signaturefd LLC now owns 4,566 shares of the company's stock valued at $96,000 after purchasing an additional 911 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Avantor by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock valued at $132,000 after acquiring an additional 592 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Avantor Stock Down 1.0%

AVTR traded down $0.13 on Friday, hitting $12.91. 11,443,298 shares of the company were exchanged, compared to its average volume of 7,958,956. The firm has a 50-day moving average price of $14.08 and a two-hundred day moving average price of $17.93. The company has a current ratio of 1.07, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. Avantor, Inc. has a twelve month low of $11.82 and a twelve month high of $28.00. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.23 earnings per share for the quarter, meeting 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 company's revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. On average, equities analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVTR. Raymond James reiterated an "outperform" rating and set a $24.00 price objective (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Morgan Stanley cut shares of Avantor from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. Citigroup lowered their target price on shares of Avantor from $22.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Cowen lowered Avantor from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, The Goldman Sachs Group lowered Avantor from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $14.00 in a research note on Tuesday, April 29th. Seven research 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, the company presently has an average rating of "Hold" and a consensus price target of $18.88.

Insider Buying and Selling at Avantor

In related news, Director Gregory L. Summe bought 25,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $12.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company's stock, valued at approximately $600,000. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph R. Massaro bought 8,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price 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 in the company, valued at $430,967.40. This trade represents a 30.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 83,100 shares of company stock worth $1,027,630 in the last 90 days. 1.20% of the stock is owned by company insiders.

Avantor Company 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.