ORG Wealth Partners LLC Purchases New Stake in Avantor, Inc. (NYSE:AVTR)

ORG Wealth Partners LLC acquired a new stake in Avantor, Inc. (NYSE:AVTR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,366 shares of the company’s stock, valued at approximately $139,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVTR. Graypoint LLC grew its position in shares of Avantor by 3.8% in the 1st quarter. Graypoint LLC now owns 11,414 shares of the company’s stock worth $292,000 after buying an additional 423 shares during the last quarter. Intech Investment Management LLC raised its holdings in Avantor by 1.8% in the 2nd quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock worth $616,000 after purchasing an additional 514 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Avantor by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock valued at $3,955,000 after purchasing an additional 528 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Avantor by 2.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company’s stock valued at $571,000 after buying an additional 733 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in Avantor by 3.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 23,623 shares of the company’s stock worth $611,000 after buying an additional 749 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Avantor Stock Performance

Shares of AVTR stock opened at $25.06 on Tuesday. Avantor, Inc. has a 52 week low of $16.63 and a 52 week high of $28.00. The company has a 50 day moving average price of $25.66 and a 200-day moving average price of $24.34. 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 firm has a market capitalization of $17.02 billion, a PE ratio of 64.26, a P/E/G 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 analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.70 billion for 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%. As a group, equities research analysts expect that Avantor, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $25.06, for a total transaction of $88,336.50. Following the completion of the sale, the chief accounting officer now directly owns 29,544 shares in the company, valued at approximately $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 SEC, 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 research analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price on shares of Avantor in a report on Thursday, September 26th. Stifel Nicolaus boosted their target price on shares of Avantor from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group lowered their price target on shares of Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Citigroup cut shares of Avantor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $23.00 in a report on Wednesday, July 10th. Finally, Morgan Stanley boosted their price target on Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Avantor 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.