CKW Financial Group Makes New Investment in Avantor, Inc. (NYSE:AVTR)

CKW Financial Group purchased a new stake in Avantor, Inc. (NYSE:AVTRFree Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,400 shares of the company’s stock, valued at approximately $55,000.

A number of other hedge funds have also made changes to their positions in the company. Olstein Capital Management L.P. increased its position in shares of Avantor by 2.9% in the fourth quarter. Olstein Capital Management L.P. now owns 315,000 shares of the company’s stock valued at $7,191,000 after buying an additional 9,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Avantor by 8.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,508,557 shares of the company’s stock worth $57,269,000 after purchasing an additional 194,031 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Avantor by 3.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 162,451 shares of the company’s stock worth $3,724,000 after purchasing an additional 5,997 shares in the last quarter. Arizona State Retirement System increased its position in Avantor by 0.9% during the 4th quarter. Arizona State Retirement System now owns 185,769 shares of the company’s stock worth $4,241,000 after purchasing an additional 1,585 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in Avantor by 17.6% during the 4th quarter. DAVENPORT & Co LLC now owns 2,283,767 shares of the company’s stock worth $52,430,000 after purchasing an additional 342,452 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Trading Down 0.0 %

NYSE:AVTR opened at $25.55 on Friday. Avantor, Inc. has a 12-month low of $16.63 and a 12-month high of $26.16. The firm has a market capitalization of $17.33 billion, a P/E ratio of 53.23, a P/E/G ratio of 1.61 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. The business has a 50 day simple moving average of $24.80 and a 200 day simple moving average of $22.31.

Avantor (NYSE:AVTRGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that Avantor, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AVTR shares. Raymond James lifted their price objective on Avantor from $22.50 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Barclays lifted their price objective on Avantor from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Evercore ISI lifted their price objective on Avantor from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada raised their price target on Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Avantor currently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Get Our Latest Research Report on Avantor

Insiders Place Their Bets

In other Avantor news, EVP James Bramwell sold 6,203 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,476,992.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Avantor Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AVTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avantor, Inc. (NYSE:AVTRFree Report).

Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

Receive News & Ratings for Avantor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantor and related companies with MarketBeat.com's FREE daily email newsletter.