Allspring Global Investments Holdings LLC Has $240,000 Stake in Avantor, Inc. (NYSE:AVTR)

Allspring Global Investments Holdings LLC lessened its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 95.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,505 shares of the company's stock after selling 204,369 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Avantor were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AVTR. Fifth Third Bancorp grew its holdings in Avantor by 125.3% during the 4th quarter. Fifth Third Bancorp now owns 1,248 shares of the company's stock worth $28,000 after acquiring an additional 694 shares during the period. Signaturefd LLC lifted its stake in Avantor by 41.7% in the third quarter. Signaturefd LLC now owns 5,979 shares of the company's stock valued at $126,000 after buying an additional 1,759 shares during the period. Commonwealth Equity Services LLC bought a new position in Avantor during the third quarter worth about $207,000. Wealthfront Advisers LLC acquired a new position in shares of Avantor during the 3rd quarter worth about $218,000. Finally, Procyon Advisors LLC bought a new stake in shares of Avantor in the 4th quarter valued at about $228,000. Institutional investors own 95.08% of the company's stock.

Insider Activity at Avantor

In other Avantor news, EVP James Bramwell sold 6,203 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the transaction, the executive vice president now owns 101,143 shares of the company's stock, valued at approximately $2,476,992.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Avantor from $23.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, April 18th. Robert W. Baird boosted their price target on shares of Avantor from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Evercore ISI upped their price objective on shares of Avantor from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, April 4th. Citigroup lifted their target price on Avantor from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price target on Avantor from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Avantor presently has a consensus rating of "Moderate Buy" and an average target price of $26.71.

Avantor Stock Down 4.8 %

Shares of AVTR traded down $1.21 during mid-day trading on Friday, hitting $23.94. 14,185,165 shares of the company's stock were exchanged, compared to its average volume of 4,145,237. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.61 and a quick ratio of 1.05. Avantor, Inc. has a 52 week low of $16.63 and a 52 week high of $26.16. The company has a market cap of $16.24 billion, a PE ratio of 61.38, a P/E/G ratio of 2.44 and a beta of 1.37. The company has a 50-day simple moving average of $25.08 and a 200 day simple moving average of $22.63.

Avantor (NYSE:AVTR - Get Free Report) last released its earnings results on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts forecast that Avantor, Inc. will post 1.01 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.