Frontier Capital Management Co. LLC Has $30.93 Million Stock Holdings in Avantor, Inc. (NYSE:AVTR)

Frontier Capital Management Co. LLC trimmed its stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,467,934 shares of the company's stock after selling 26,964 shares during the period. Frontier Capital Management Co. LLC owned about 0.22% of Avantor worth $30,929,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AVTR. Dodge & Cox lifted its holdings in shares of Avantor by 44.9% in the fourth quarter. Dodge & Cox now owns 99,145,770 shares of the company's stock valued at $2,089,001,000 after purchasing an additional 30,727,673 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Avantor by 41.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 30,528,092 shares of the company's stock worth $643,227,000 after acquiring an additional 8,936,879 shares during the last quarter. Norges Bank acquired a new position in Avantor during the 4th quarter worth approximately $142,512,000. The Manufacturers Life Insurance Company grew its position in Avantor by 48.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,158,175 shares of the company's stock valued at $192,963,000 after purchasing an additional 2,983,439 shares in the last quarter. Finally, Clarkston Capital Partners LLC grew its position in Avantor by 43.6% in the fourth quarter. Clarkston Capital Partners LLC now owns 8,145,825 shares of the company's stock valued at $171,633,000 after purchasing an additional 2,473,395 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Steven W. Eck sold 4,907 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $86,019.71. Following the transaction, the chief accounting officer now directly owns 40,604 shares in the company, valued at approximately $711,788.12. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Bramwell sold 3,758 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $65,877.74. Following the transaction, the executive vice president now directly owns 87,379 shares in the company, valued at $1,531,753.87. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AVTR shares. Wells Fargo & Company lowered their target price on Avantor from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group reaffirmed a "neutral" rating and issued a $25.00 target price (down previously from $29.00) on shares of Avantor in a research report on Friday, January 17th. The Goldman Sachs Group cut 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. Raymond James reiterated an "outperform" rating and set a $24.00 price objective (down previously from $26.00) on shares of Avantor in a research note on Monday, February 10th. Finally, Stifel Nicolaus cut shares of Avantor from a "buy" rating to a "hold" rating and cut their price target for the company from $26.00 to $14.00 in a research note on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.88.

Avantor Stock Performance

Shares of AVTR traded up $0.96 during trading hours on Monday, hitting $12.98. The company had a trading volume of 13,343,805 shares, compared to its average volume of 7,594,296. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.55 and a beta of 1.09. The business has a fifty day moving average of $15.13 and a 200-day moving average of $18.89. Avantor, Inc. has a 12 month low of $11.82 and a 12 month high of $28.00. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Avantor (NYSE:AVTR - Get Free Report) last issued 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 company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.61 billion. Avantor had a net margin of 10.49% and a return on equity of 12.17%. The company's revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. Equities analysts anticipate that Avantor, Inc. will post 1.06 EPS 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.