Posted by admin on Jul 23rd, 2022
Daiwa Securities Group Inc. lifted its position in shares of Avantor, Inc. (NYSE:AVTR – Get Rating) by 51.9% during the first quarter, Holdings Channel.com reports. The firm owned 40,299 shares of the company’s stock after acquiring an additional 13,763 shares during the period. Daiwa Securities Group Inc.’s holdings in Avantor were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in AVTR. Bank of New Hampshire acquired a new stake in shares of Avantor during the 1st quarter worth approximately $25,000. Capital Advisors Ltd. LLC purchased a new position in shares of Avantor during the 4th quarter valued at approximately $29,000. Byrne Asset Management LLC purchased a new position in shares of Avantor during the 4th quarter valued at approximately $32,000. Quadrant Capital Group LLC lifted its position in shares of Avantor by 297.2% during the 4th quarter. Quadrant Capital Group LLC now owns 977 shares of the company’s stock valued at $41,000 after buying an additional 731 shares in the last quarter. Finally, Standard Family Office LLC purchased a new position in shares of Avantor during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 93.24% of the company’s stock.
AVTR has been the topic of a number of recent analyst reports. TheStreet upgraded Avantor from a “c” rating to a “b-” rating in a research report on Thursday, May 19th. William Blair reiterated an “outperform” rating on shares of Avantor in a research report on Friday, April 29th. Cowen decreased their price objective on Avantor from $50.00 to $44.00 in a report on Tuesday, April 19th. The Goldman Sachs Group decreased their price objective on Avantor from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, Citigroup lowered Avantor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $38.00 in a report on Monday, April 4th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.53.
NYSE AVTR opened at $30.97 on Friday. The business’s fifty day simple moving average is $30.98 and its 200-day simple moving average is $33.00. The company has a quick ratio of 1.18, a current ratio of 1.80 and a debt-to-equity ratio of 2.03. The firm has a market cap of $18.90 billion, a PE ratio of 34.80, a P/E/G ratio of 0.62 and a beta of 1.44. Avantor, Inc. has a 52 week low of $27.51 and a 52 week high of $44.37.
Avantor (NYSE:AVTR – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. Avantor had a return on equity of 32.17% and a net margin of 7.72%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. As a group, equities analysts anticipate that Avantor, Inc. will post 1.51 earnings per share for the current year.
In related news, EVP Gerard Brophy sold 19,603 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $31.27, for a total transaction of $612,985.81. Following the completion of the sale, the executive vice president now directly owns 96,935 shares of the company’s stock, valued at approximately $3,031,157.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Avantor news, EVP Frederic Vanderhaegen sold 39,000 shares of Avantor stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the transaction, the executive vice president now directly owns 126,764 shares of the company’s stock, valued at approximately $4,007,010.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gerard Brophy sold 19,603 shares of Avantor stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $31.27, for a total value of $612,985.81. Following the completion of the transaction, the executive vice president now directly owns 96,935 shares of the company’s stock, valued at $3,031,157.45. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Avantor, Inc provides products and services to customers in 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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