Avantor, Inc. (NYSE:AVTR) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its holdings in Avantor, Inc. (NYSE:AVTR) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,677 shares of the company’s stock after selling 52,677 shares during the period. Tredje AP fonden’s holdings in Avantor were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its holdings 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 raised its position in shares of Avantor by 106.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock valued at $34,000 after buying an additional 830 shares during the period. Global Retirement Partners LLC raised its position in shares of Avantor by 76.7% during the 4th quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock valued at $52,000 after buying an additional 1,067 shares during the period. UMB Bank n.a. raised its position in shares of Avantor by 56.3% during the 4th quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock valued at $63,000 after buying an additional 1,074 shares during the period. Finally, AlphaQuest LLC purchased a new stake in shares of Avantor during the 4th quarter valued at approximately $65,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

Avantor Stock Performance

NYSE:AVTR opened at $16.34 on Friday. The company has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $22.06. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. 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, Inc. has a 52 week low of $15.37 and a 52 week high of $28.00.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Avantor had a net margin of 10.49% and a return on equity of 12.17%. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, equities analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $29.00) on shares of Avantor in a research report on Friday, January 17th. Barclays reduced their price target on shares of Avantor from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and set a $24.00 price target (down previously from $26.00) on shares of Avantor in a research report on Monday, February 10th. Finally, Royal Bank of Canada dropped their target price on shares of Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.50.

Insiders Place Their Bets

In related news, CAO Steven W. Eck sold 4,907 shares of the business’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 owns 40,604 shares in the company, valued at approximately $711,788.12. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $65,877.74. Following the transaction, the executive vice president now owns 87,379 shares of the company’s stock, valued at approximately $1,531,753.87. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.