Avantor, Inc. (NYSE:AVTR) Holdings Reduced by Reinhart Partners LLC.

Reinhart Partners LLC. lowered its position in Avantor, Inc. (NYSE:AVTR) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,733 shares of the company’s stock after selling 49,445 shares during the quarter. Reinhart Partners LLC. owned about 0.08% of Avantor worth $13,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC boosted its holdings in Avantor by 66.1% during the fourth quarter. V Square Quantitative Management LLC now owns 7,429 shares of the company’s stock worth $170,000 after buying an additional 2,956 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Avantor by 12.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 525,706 shares of the company’s stock valued at $12,002,000 after purchasing an additional 57,519 shares during the period. Royal London Asset Management Ltd. increased its stake in Avantor by 13.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 240,470 shares of the company’s stock worth $5,490,000 after purchasing an additional 27,694 shares in the last quarter. Leo Wealth LLC acquired a new stake in Avantor during the 4th quarter worth about $906,000. Finally, Quadrature Capital Ltd purchased a new stake in Avantor during the fourth quarter valued at about $287,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Steven W. Eck sold 3,525 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 29,544 shares in the company, valued at $740,372.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AVTR shares. Morgan Stanley boosted their price target on shares of Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Robert W. Baird lifted their price target on Avantor from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Barclays upped their price target on Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Citigroup cut Avantor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $23.00 in a research note on Wednesday, July 10th. Finally, Evercore ISI lowered their price objective on shares of Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Avantor Stock Up 1.1 %

Shares of Avantor stock opened at $24.75 on Friday. Avantor, Inc. has a 12-month low of $16.63 and a 12-month high of $28.00. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $25.66 and a two-hundred day moving average price of $24.36. The stock has a market capitalization of $16.83 billion, a P/E ratio of 45.83, a PEG ratio of 2.93 and a beta of 1.33.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. Avantor had a net margin of 5.28% and a return on equity of 12.40%. Equities analysts expect that Avantor, Inc. will post 1.01 earnings per share for the current year.

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.