Avantor, Inc. (NYSE:AVTR) Stock Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 922,158 shares of the company's stock after selling 99,943 shares during the quarter. Wellington Management Group LLP owned 0.14% of Avantor worth $19,430,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AVTR. Smartleaf Asset Management LLC boosted 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 valued at $34,000 after purchasing an additional 830 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Avantor by 76.7% during the fourth 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 in the last quarter. AlphaQuest LLC acquired a new position in shares of Avantor during the 4th quarter worth about $65,000. Signaturefd LLC lifted its stake in Avantor by 24.9% in the 4th quarter. Signaturefd LLC now owns 4,566 shares of the company's stock valued at $96,000 after buying an additional 911 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Avantor by 10.5% in the 4th 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 during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AVTR shares. Raymond James reaffirmed an "outperform" rating and set a $24.00 price target (down previously from $26.00) on shares of Avantor in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target on Avantor from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group downgraded Avantor from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $14.00 in a research report on Tuesday, April 29th. Cowen lowered Avantor from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, TD Cowen cut shares of 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. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $18.88.

Insider Buying and Selling at Avantor

In other news, Director Joseph R. Massaro acquired 8,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were bought at an average price of $12.30 per share, with a total value of $99,630.00. Following the purchase, the director now owns 35,038 shares of the company's stock, valued at approximately $430,967.40. This represents a 30.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory L. Summe purchased 20,000 shares of the business's stock in a transaction on 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 completion of the acquisition, the director now directly owns 70,000 shares in the company, valued at $885,500. The trade was a 40.00% increase in their position. The disclosure for this purchase can be found here. Insiders bought 83,100 shares of company stock valued at $1,027,630 in the last ninety days. Company insiders own 1.20% of the company's stock.

Avantor Stock Up 2.9%

Shares of NYSE:AVTR traded up $0.38 during midday trading on Wednesday, reaching $13.53. The company had a trading volume of 6,250,031 shares, compared to its average volume of 8,038,655. The stock has a market capitalization of $9.22 billion, a P/E ratio of 13.01, a PEG ratio of 1.55 and a beta of 1.09. The stock's fifty day moving average price is $13.95 and its 200-day moving average price is $17.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. Avantor, Inc. has a one year low of $11.82 and a one year high of $28.00.

Avantor (NYSE:AVTR - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.61 billion. Avantor had a net margin of 10.49% and a return on equity of 12.17%. The firm'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. Equities research analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

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.