Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Avantor, Inc. $AVTR

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Avantor, Inc. by 29.6%, acquiring an additional 18,101 shares, bringing its total to 79,259 shares valued at $1,067,000.
• Institutional investors now own 95.08% of Avantor's stock, with notable increases in positions from firms like Fifth Third Bancorp and Stanley Capital Management.
• Avantor's stock has been rated with cut price targets by analysts, with the average target now at $15.81 while the company reported earnings of $0.24 per share, missing expectations by $0.01.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 29.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,259 shares of the company's stock after acquiring an additional 18,101 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Avantor were worth $1,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Avantor by 1,741.4% during the 2nd quarter. Fifth Third Bancorp now owns 73,141 shares of the company's stock valued at $984,000 after purchasing an additional 69,169 shares in the last quarter. Stanley Capital Management LLC grew its position in Avantor by 42.9% during the first quarter. Stanley Capital Management LLC now owns 998,500 shares of the company's stock worth $16,186,000 after buying an additional 300,000 shares in the last quarter. Swedbank AB increased its stake in Avantor by 71.4% in the 2nd quarter. Swedbank AB now owns 102,514 shares of the company's stock worth $1,380,000 after acquiring an additional 42,700 shares during the last quarter. Perpetual Ltd raised its holdings in shares of Avantor by 3.5% in the 2nd quarter. Perpetual Ltd now owns 1,805,497 shares of the company's stock valued at $24,302,000 after acquiring an additional 60,823 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Avantor by 85.5% during the 1st quarter. US Bancorp DE now owns 11,135 shares of the company's stock valued at $180,000 after acquiring an additional 5,133 shares during the last quarter. Institutional investors own 95.08% of the company's stock.

Avantor Stock Up 1.7%

AVTR opened at $14.82 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. Avantor, Inc. has a 12 month low of $10.82 and a 12 month high of $24.86. The business's 50-day moving average price is $13.07 and its 200-day moving average price is $13.34. The company has a market cap of $10.10 billion, a P/E ratio of 14.97, a P/E/G ratio of 4.83 and a beta of 0.98.

Avantor (NYSE:AVTR - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Avantor had a return on equity of 11.39% and a net margin of 10.31%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on AVTR shares. Evercore ISI cut their price objective on Avantor from $18.00 to $16.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Robert W. Baird cut their price target on shares of Avantor from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Morgan Stanley decreased their price target on shares of Avantor from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Stifel Nicolaus set a $12.00 price objective on shares of Avantor and gave the stock a "hold" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. cut their target price on shares of Avantor from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Avantor presently has a consensus rating of "Hold" and an average price target of $15.81.

Insider Buying and Selling

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the sale, the chief accounting officer directly owned 55,068 shares in the company, valued at $627,224.52. This trade represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is owned by company 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.

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