99,970 Shares in Avantor, Inc. (NYSE:AVTR) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new position in shares of Avantor, Inc. (NYSE:AVTR) in the third quarter, Holdings Channel reports. The fund purchased 99,970 shares of the company’s stock, valued at approximately $2,586,000.

Several other institutional investors and hedge funds have also bought and sold shares of AVTR. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Avantor by 45.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 723,178 shares of the company’s stock worth $18,708,000 after buying an additional 227,200 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Avantor by 29.3% in the third quarter. Toronto Dominion Bank now owns 83,064 shares of the company’s stock valued at $2,149,000 after acquiring an additional 18,800 shares during the period. Geode Capital Management LLC boosted its position in Avantor by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 11,150,788 shares of the company’s stock worth $287,791,000 after purchasing an additional 739,667 shares in the last quarter. Vestcor Inc grew its stake in shares of Avantor by 125.5% during the 3rd quarter. Vestcor Inc now owns 24,613 shares of the company’s stock worth $637,000 after purchasing an additional 13,700 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of Avantor by 3.6% during the 3rd quarter. M&T Bank Corp now owns 26,618 shares of the company’s stock valued at $689,000 after purchasing an additional 928 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Avantor Price Performance

Avantor stock opened at $22.33 on Friday. The company has a fifty day simple moving average of $22.47 and a 200-day simple moving average of $23.53. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.75 and a beta of 1.29. Avantor, Inc. has a 52-week low of $19.59 and a 52-week high of $28.00.

Analysts Set New Price Targets

AVTR has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price target on shares of Avantor in a report on Thursday, September 26th. Barclays lowered their target price on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. UBS Group cut their price target on Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Wells Fargo & Company lowered their price target on Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, Robert W. Baird cut their price objective on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Avantor currently has an average rating of “Moderate Buy” and an average price target of $27.69.

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.