Avantor, Inc. (NYSE:AVTR) Stake Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in Avantor, Inc. (NYSE:AVTR) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,300 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Avantor were worth $5,801,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AVTR. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Avantor by 99.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after acquiring an additional 625 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Avantor by 76.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock worth $52,000 after acquiring an additional 1,067 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Avantor by 69.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock worth $53,000 after acquiring an additional 835 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Avantor by 56.3% during the fourth quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock worth $63,000 after acquiring an additional 1,074 shares in the last quarter. Finally, CKW Financial Group raised its holdings in shares of Avantor by 116.7% during the fourth quarter. CKW Financial Group now owns 5,200 shares of the company’s stock worth $110,000 after acquiring an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AVTR shares. Royal Bank of Canada cut their price objective on Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, February 10th. UBS Group reissued a “neutral” rating and set a $25.00 target price (down from $29.00) on shares of Avantor in a research report on Friday, January 17th. Stifel Nicolaus lowered their target price on shares of Avantor from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Raymond James reissued an “outperform” rating and set a $24.00 target price (down from $26.00) on shares of Avantor in a research report on Monday, February 10th. Finally, Barclays lowered their target price on shares of Avantor from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Avantor currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Avantor Trading Up 1.3 %

Shares of NYSE:AVTR opened at $16.71 on Friday. The company has a market cap of $11.37 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.55 and a beta of 1.28. The stock’s 50-day moving average is $20.51 and its 200-day moving average is $22.67. Avantor, Inc. has a 52-week low of $16.41 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07.

Avantor (NYSE:AVTR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Avantor had a return on equity of 12.17% and a net margin of 10.49%. During the same period in the prior year, the company earned $0.22 EPS. Equities research analysts predict that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Steven W. Eck sold 4,907 shares of Avantor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total transaction of $86,019.71. Following the sale, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at $711,788.12. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $65,877.74. Following the sale, the executive vice president now directly owns 87,379 shares in the company, valued at approximately $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

About Avantor

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.