Kinney Asset Management LLC Raises Stake in Avantor, Inc. $AVTR

Kinney Asset Management LLC lifted its holdings in Avantor, Inc. (NYSE:AVTR) by 34.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,845,000 shares of the company’s stock after buying an additional 470,000 shares during the period. Avantor comprises approximately 34.3% of Kinney Asset Management LLC’s portfolio, making the stock its biggest position. Kinney Asset Management LLC owned about 0.27% of Avantor worth $23,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AVTR. Dodge & Cox lifted its position in shares of Avantor by 0.3% during the 3rd quarter. Dodge & Cox now owns 117,746,888 shares of the company’s stock worth $1,469,481,000 after buying an additional 313,404 shares during the period. Vanguard Group Inc. increased its holdings in Avantor by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 65,988,977 shares of the company’s stock valued at $823,542,000 after purchasing an additional 1,135,279 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Avantor by 10.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 34,548,129 shares of the company’s stock valued at $431,161,000 after purchasing an additional 3,356,861 shares in the last quarter. Greenhaven Associates Inc. bought a new position in Avantor in the 3rd quarter valued at $228,528,000. Finally, Invesco Ltd. boosted its stake in Avantor by 0.8% in the third quarter. Invesco Ltd. now owns 16,053,368 shares of the company’s stock worth $200,346,000 after purchasing an additional 119,508 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Insider Activity

In related news, Director Sanjeev K. Mehra acquired 125,000 shares of Avantor stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $8.01 per share, with a total value of $1,001,250.00. Following the transaction, the director directly owned 475,000 shares in the company, valued at $3,804,750. This represents a 35.71% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory T. Lucier acquired 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $9.16 per share, with a total value of $458,000.00. Following the purchase, the director directly owned 50,000 shares in the company, valued at $458,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 275,000 shares of company stock valued at $2,399,250. Insiders own 1.20% of the company’s stock.

Avantor Trading Up 0.5%

Shares of NYSE:AVTR opened at $7.94 on Monday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of -10.18, a PEG ratio of 3.11 and a beta of 0.97. Avantor, Inc. has a 12 month low of $7.82 and a 12 month high of $17.11. The company’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $11.66. The company has a quick ratio of 1.18, a current ratio of 1.78 and a debt-to-equity ratio of 0.70.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Avantor had a positive return on equity of 10.45% and a negative net margin of 8.09%.The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Avantor has set its FY 2026 guidance at 0.770-0.830 EPS. As a group, research analysts forecast that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVTR has been the topic of several research analyst reports. Morgan Stanley set a $10.00 target price on Avantor in a report on Friday, February 13th. Bank of America downgraded shares of Avantor from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Monday, December 15th. Robert W. Baird set a $11.00 price objective on shares of Avantor in a report on Thursday, February 12th. Barclays reaffirmed an “underweight” rating and issued a $8.50 target price on shares of Avantor in a research note on Friday, March 6th. Finally, Evercore set a $10.00 price target on shares of Avantor in a research note on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Avantor currently has an average rating of “Hold” and an average target price of $11.80.

Avantor Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.