Avantor, Inc. (NYSE:AVTR) Stake Boosted by Otter Creek Advisors LLC

Otter Creek Advisors LLC increased its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 75.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 213,098 shares of the company’s stock after buying an additional 91,431 shares during the period. Avantor accounts for approximately 3.6% of Otter Creek Advisors LLC’s portfolio, making the stock its 9th biggest holding. Otter Creek Advisors LLC’s holdings in Avantor were worth $5,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC raised its position in Avantor by 1.8% in the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock worth $616,000 after acquiring an additional 514 shares during the period. Arizona State Retirement System grew its stake in shares of Avantor by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock worth $3,955,000 after buying an additional 528 shares in the last quarter. Veracity Capital LLC grew its stake in shares of Avantor by 1.0% in the 3rd quarter. Veracity Capital LLC now owns 52,359 shares of the company’s stock worth $1,355,000 after buying an additional 543 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Avantor by 2.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company’s stock worth $571,000 after purchasing an additional 733 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Avantor by 6.2% during the 3rd quarter. US Bancorp DE now owns 12,615 shares of the company’s stock worth $326,000 after purchasing an additional 734 shares during the period. Institutional investors own 95.08% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Steven W. Eck sold 3,525 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $25.06, for a total transaction of $88,336.50. Following the transaction, the chief accounting officer now directly owns 29,544 shares of the company’s stock, valued at approximately $740,372.64. This trade represents a 10.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

AVTR has been the subject of several research reports. TD Cowen boosted their price objective on shares of Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Robert W. Baird reduced their price objective on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company dropped their target price on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Avantor in a research report on Thursday, September 26th. Finally, Morgan Stanley upped their price objective on shares of Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.57.

Avantor Stock Up 1.1 %

Shares of NYSE:AVTR opened at $20.36 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.54. Avantor, Inc. has a 1 year low of $19.59 and a 1 year high of $28.00. The stock has a market capitalization of $13.86 billion, a P/E ratio of 44.26, a PEG ratio of 2.39 and a beta of 1.35. The stock has a 50-day simple moving average of $24.01 and a 200-day simple moving average of $23.89.

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.