Northern Trust Corp Purchases 1,101,407 Shares of Avantor, Inc. (NYSE:AVTR)

Northern Trust Corp raised its holdings in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 21.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,170,634 shares of the company's stock after acquiring an additional 1,101,407 shares during the quarter. Northern Trust Corp owned approximately 0.91% of Avantor worth $130,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVTR. Louisiana State Employees Retirement System boosted its holdings in Avantor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 188,900 shares of the company's stock worth $3,980,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Avantor by 6.9% during the 4th quarter. Blue Trust Inc. now owns 8,069 shares of the company's stock worth $170,000 after buying an additional 522 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Avantor by 0.5% in the 4th quarter. Pacer Advisors Inc. now owns 99,825 shares of the company's stock valued at $2,103,000 after acquiring an additional 542 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Avantor by 99.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock valued at $26,000 after acquiring an additional 625 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Avantor by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 138,465 shares of the company's stock worth $2,917,000 after acquiring an additional 765 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Avantor Stock Down 0.7 %

Avantor stock opened at $12.87 on Friday. Avantor, Inc. has a twelve month low of $12.20 and a twelve month high of $28.00. The stock has a market cap of $8.77 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.55 and a beta of 1.24. The company's 50-day moving average price is $15.54 and its two-hundred day moving average price is $19.38. 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 released its quarterly earnings results on Friday, April 25th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Avantor had a return on equity of 12.17% and a net margin of 10.49%. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same period last year, the firm posted $0.22 EPS. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on AVTR shares. Stifel Nicolaus downgraded Avantor from a "buy" rating to a "hold" rating and decreased their price target for the company from $26.00 to $14.00 in a research note on Monday, April 28th. Morgan Stanley cut shares of Avantor from an "overweight" rating to an "equal weight" rating in a research note on Tuesday. TD Cowen lowered shares of Avantor from a "buy" rating to a "hold" rating and set a $15.50 price target on the stock. in a research report on Monday, April 28th. UBS Group reissued a "neutral" rating and issued a $25.00 price objective (down previously from $29.00) on shares of Avantor in a research report on Friday, January 17th. Finally, Cowen cut shares of Avantor from a "buy" rating to a "hold" rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.88.

Insider Activity

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

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