Avantor, Inc. (NYSE:AVTR) Shares Acquired by abrdn plc

abrdn plc lifted its stake in shares of Avantor, Inc. (NYSE:AVTR) by 777.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 951,775 shares of the company’s stock after buying an additional 843,298 shares during the period. abrdn plc’s holdings in Avantor were worth $21,729,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in Avantor by 125.3% in the 4th quarter. Fifth Third Bancorp now owns 1,248 shares of the company’s stock worth $28,000 after acquiring an additional 694 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Avantor by 565.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,331 shares of the company’s stock worth $30,000 after purchasing an additional 1,131 shares during the last quarter. CKW Financial Group acquired a new stake in shares of Avantor during the fourth quarter worth about $55,000. Park Place Capital Corp boosted its position in Avantor by 18.2% in the third quarter. Park Place Capital Corp now owns 3,039 shares of the company’s stock valued at $64,000 after buying an additional 467 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Avantor in the 4th quarter worth approximately $89,000. 95.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Avantor news, EVP James Bramwell sold 6,203 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the completion of the transaction, the executive vice president now owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Avantor Trading Up 5.1 %

Shares of NYSE:AVTR opened at $25.66 on Wednesday. The business’s 50 day moving average price is $25.03 and its 200-day moving average price is $22.55. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $26.16. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.61 and a quick ratio of 1.05.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, February 14th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Avantor, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AVTR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Raymond James increased their price target on Avantor from $22.50 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. UBS Group lifted their price objective on Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Evercore ISI raised their target price on Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada lifted their price target on Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Avantor Company 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.