J. Safra Sarasin Holding AG Has $1.60 Million Holdings in Avantor, Inc. $AVTR

J. Safra Sarasin Holding AG boosted its holdings in Avantor, Inc. (NYSE:AVTR) by 218.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 118,994 shares of the company’s stock after acquiring an additional 81,632 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Avantor were worth $1,602,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dodge & Cox boosted its stake in shares of Avantor by 1.1% during the first quarter. Dodge & Cox now owns 100,262,723 shares of the company’s stock valued at $1,625,259,000 after purchasing an additional 1,116,953 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Avantor by 1.5% during the first quarter. Vanguard Group Inc. now owns 64,952,926 shares of the company’s stock valued at $1,052,887,000 after purchasing an additional 983,172 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Avantor by 1.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 41,969,199 shares of the company’s stock valued at $680,321,000 after purchasing an additional 608,806 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Avantor by 89.8% during the first quarter. 1832 Asset Management L.P. now owns 18,127,204 shares of the company’s stock valued at $293,842,000 after purchasing an additional 8,578,493 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Avantor by 53.2% during the first quarter. The Manufacturers Life Insurance Company now owns 14,034,699 shares of the company’s stock valued at $227,502,000 after purchasing an additional 4,876,524 shares in the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVTR has been the topic of a number of recent research reports. Morgan Stanley cut their price target on Avantor from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Barclays lifted their price target on Avantor from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Avantor from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company lowered their price objective on Avantor from $19.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Finally, Raymond James Financial set a $14.00 price objective on Avantor and gave the stock an “outperform” rating in a research report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.65.

Avantor Trading Up 3.7%

Shares of AVTR stock opened at $14.28 on Friday. The company has a market cap of $9.73 billion, a P/E ratio of 14.42, a PEG ratio of 4.43 and a beta of 0.98. The stock has a 50 day simple moving average of $12.76 and a two-hundred day simple moving average of $13.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.98. Avantor, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $26.14.

Avantor (NYSE:AVTR) last issued its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Avantor had a return on equity of 11.39% and a net margin of 10.31%.The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Research analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of Avantor stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the sale, the chief accounting officer directly owned 55,068 shares in the company, valued at approximately $627,224.52. The trade was a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Avantor Profile

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.