IFM Investors Pty Ltd Acquires 12,830 Shares of Avantor, Inc. (NYSE:AVTR)

IFM Investors Pty Ltd raised its position in Avantor, Inc. (NYSE:AVTRGet Rating) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,324 shares of the company’s stock after buying an additional 12,830 shares during the quarter. IFM Investors Pty Ltd’s holdings in Avantor were worth $2,750,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC acquired a new stake in Avantor during the 4th quarter worth approximately $29,000. Bank of New Hampshire acquired a new stake in Avantor during the 1st quarter worth approximately $25,000. Byrne Asset Management LLC acquired a new stake in Avantor during the 4th quarter worth approximately $32,000. Quadrant Capital Group LLC boosted its position in Avantor by 297.2% during the 4th quarter. Quadrant Capital Group LLC now owns 977 shares of the company’s stock worth $41,000 after buying an additional 731 shares during the period. Finally, Standard Family Office LLC acquired a new position in shares of Avantor in the 4th quarter worth approximately $50,000. 93.24% of the stock is owned by institutional investors.

Avantor Stock Performance

Shares of AVTR stock opened at $28.55 on Friday. The firm has a market capitalization of $19.24 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. The firm has a fifty day simple moving average of $30.72 and a two-hundred day simple moving average of $32.46. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt-to-equity ratio of 1.41. Avantor, Inc. has a 12 month low of $27.50 and a 12 month high of $44.37.

Avantor (NYSE:AVTRGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Avantor had a net margin of 8.27% and a return on equity of 27.14%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts forecast that Avantor, Inc. will post 1.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AVTR. Raymond James dropped their price target on shares of Avantor from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Monday, August 1st. Citigroup dropped their price target on shares of Avantor from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, August 1st. William Blair restated an “outperform” rating on shares of Avantor in a research report on Friday, April 29th. TheStreet upgraded shares of Avantor from a “c” rating to a “b-” rating in a research note on Thursday, May 19th. Finally, Cowen lowered their price objective on shares of Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.92.

Insider Transactions at Avantor

In other news, EVP Frederic Vanderhaegen sold 39,000 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the sale, the executive vice president now owns 126,764 shares in the company, valued at approximately $4,007,010.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Gerard Brophy sold 19,603 shares of the business’s 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic Vanderhaegen sold 39,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $31.61, for a total transaction of $1,232,790.00. Following the completion of the transaction, the executive vice president now directly owns 126,764 shares in the company, valued at $4,007,010.04. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Avantor

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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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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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