Schonfeld Strategic Advisors LLC Makes New Investment in Avantor, Inc. (NYSE:AVTR)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Avantor, Inc. (NYSE:AVTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 451,091 shares of the company's stock, valued at approximately $9,504,000. Schonfeld Strategic Advisors LLC owned about 0.07% of Avantor at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company's stock worth $26,000 after buying an additional 625 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Avantor by 106.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company's stock worth $34,000 after acquiring an additional 830 shares during the period. Global Retirement Partners LLC raised its position in 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 acquiring an additional 1,067 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Avantor by 56.3% in the fourth quarter. UMB Bank n.a. now owns 2,981 shares of the company's stock valued at $63,000 after acquiring an additional 1,074 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Avantor during the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 95.08% of the company's stock.

Avantor Stock Down 0.7 %

Shares of AVTR traded down $0.10 during trading hours on Friday, hitting $12.87. The stock had a trading volume of 8,789,299 shares, compared to its average volume of 7,373,553. Avantor, Inc. has a 1-year low of $12.20 and a 1-year high of $28.00. The firm has a 50 day simple moving average of $15.54 and a 200-day simple moving average of $19.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The firm has a market capitalization of $8.77 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

Avantor (NYSE:AVTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.23 EPS for the quarter, meeting 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%. Avantor's revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. Sell-side analysts predict that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AVTR shares. Stifel Nicolaus lowered Avantor from a "buy" rating to a "hold" rating and reduced their price objective for the company from $26.00 to $14.00 in a research note on Monday, April 28th. Robert W. Baird decreased their price target on shares of Avantor from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Raymond James reaffirmed an "outperform" rating and set a $24.00 price target (down previously from $26.00) on shares of Avantor in a report on Monday, February 10th. Barclays cut their target price on Avantor from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, TD Cowen lowered Avantor from a "buy" rating to a "hold" rating and set a $15.50 price objective for the company. in a research note on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Avantor currently has a consensus rating of "Hold" and an average price target of $18.88.

Insider Activity at Avantor

In other Avantor news, Director Joseph R. Massaro bought 8,100 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average price of $12.30 per share, for a total transaction of $99,630.00. Following the completion of the transaction, the director now owns 35,038 shares of the company's stock, valued at $430,967.40. This trade represents a 30.07 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the transaction, the chief accounting officer now directly owns 40,604 shares of the company's stock, valued at approximately $711,788.12. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

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.