Tortoise Investment Management LLC Sells 800 Shares of Avantor, Inc. (NYSE:AVTR)

Tortoise Investment Management LLC decreased its position in Avantor, Inc. (NYSE:AVTR – Get Rating) by 45.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 950 shares of the company’s stock after selling 800 shares during the quarter. Tortoise Investment Management LLC’s holdings in Avantor were worth $32,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Waratah Capital Advisors Ltd. increased its position in Avantor by 93.3% in the fourth quarter. Waratah Capital Advisors Ltd. now owns 509,213 shares of the company’s stock worth $21,458,000 after buying an additional 245,803 shares in the last quarter. Comerica Bank raised its stake in Avantor by 36.4% during the 1st quarter. Comerica Bank now owns 375,575 shares of the company’s stock valued at $12,293,000 after purchasing an additional 100,242 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Avantor by 21.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 446,015 shares of the company’s stock worth $15,374,000 after purchasing an additional 78,513 shares in the last quarter. Whittier Trust Co. grew its holdings in Avantor by 7.3% during the 1st quarter. Whittier Trust Co. now owns 153,901 shares of the company’s stock valued at $5,204,000 after buying an additional 10,532 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Avantor by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 939,802 shares of the company’s stock valued at $39,603,000 after buying an additional 35,802 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Avantor Stock Performance

AVTR opened at $28.55 on Friday. Avantor, Inc. has a 1 year low of $27.50 and a 1 year high of $44.37. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.64 and a quick ratio of 1.18. The firm has a fifty day moving average price of $30.72 and a 200 day moving average price of $32.46. The stock has a market cap of $19.24 billion, a P/E ratio of 30.70, a P/E/G ratio of 0.71 and a beta of 1.30.

Avantor (NYSE:AVTR – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.98 billion. Avantor had a net margin of 8.27% and a return on equity of 27.14%. Avantor’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Equities research analysts anticipate that Avantor, Inc. will post 1.45 earnings per share for the current year.

Insider Activity at Avantor

In other news, EVP Gerard Brophy sold 19,603 shares of Avantor stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $31.27, for a total value of $612,985.81. Following the sale, the executive vice president now directly owns 96,935 shares of the company’s stock, valued at $3,031,157.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Avantor news, EVP Frederic Vanderhaegen sold 39,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 126,764 shares of the company’s stock, valued at $4,007,010.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gerard Brophy sold 19,603 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $31.27, for a total value 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 $3,031,157.45. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AVTR has been the subject of several research analyst reports. Cowen cut their target price on shares of Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. Citigroup dropped their price target on Avantor from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, August 1st. Wells Fargo & Company cut their price target on shares of Avantor from $42.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Barclays decreased their price target on Avantor from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, August 1st. Finally, Morgan Stanley decreased their price target on shares of Avantor from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, August 1st. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Avantor presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.92.

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.