Russell Investments Group Ltd. Increases Stock Position in Avantor, Inc. (NYSE:AVTR)

Russell Investments Group Ltd. boosted its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 90.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,331,968 shares of the company's stock after acquiring an additional 634,291 shares during the quarter. Russell Investments Group Ltd. owned 0.20% of Avantor worth $30,730,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its holdings in shares of Avantor by 2.0% in the 4th quarter. Vontobel Holding Ltd. now owns 30,215 shares of the company's stock valued at $690,000 after purchasing an additional 591 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Avantor by 3.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,725 shares of the company's stock valued at $427,000 after buying an additional 685 shares during the period. Fifth Third Bancorp lifted its position in shares of Avantor by 125.3% in the fourth quarter. Fifth Third Bancorp now owns 1,248 shares of the company's stock valued at $28,000 after buying an additional 694 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Avantor by 1.6% during the 4th quarter. Mackenzie Financial Corp now owns 46,610 shares of the company's stock worth $1,064,000 after acquiring an additional 747 shares during the period. Finally, Lmcg Investments LLC increased its holdings in shares of Avantor by 2.1% during the 3rd quarter. Lmcg Investments LLC now owns 41,418 shares of the company's stock worth $873,000 after acquiring an additional 853 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Stock Up 0.8 %

Shares of NYSE AVTR traded up $0.18 during trading on Wednesday, reaching $24.42. The company had a trading volume of 4,477,540 shares, compared to its average volume of 5,817,224. The business's 50-day moving average is $25.09 and its 200 day moving average is $22.69. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a market cap of $16.58 billion, a PE ratio of 62.60, a P/E/G ratio of 1.47 and a beta of 1.37. Avantor, Inc. has a 12-month low of $16.63 and a 12-month high of $26.16.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Avantor had a net margin of 3.79% and a return on equity of 13.01%. The company 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 quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Avantor, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Avantor news, EVP James Bramwell sold 6,203 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the completion of the sale, the executive vice president now directly owns 101,143 shares in the company, valued at approximately $2,476,992.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a report on Monday. UBS Group raised their target price on shares of Avantor from $25.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Avantor from $23.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, April 18th. Citigroup upped their price target on shares of Avantor from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Finally, Barclays increased their price objective on Avantor from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.71.

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.