Avantor, Inc. (NYSE:AVTR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in shares of Avantor, Inc. (NYSE:AVTR) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,069 shares of the company’s stock after selling 148,644 shares during the quarter. Loomis Sayles & Co. L P owned about 0.09% of Avantor worth $12,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock valued at $26,000 after purchasing an additional 625 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Avantor by 106.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $34,000 after acquiring an additional 830 shares during the last quarter. Global Retirement Partners LLC lifted its position in Avantor by 76.7% during the 4th 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 during the period. UMB Bank n.a. grew its stake in Avantor by 56.3% during the 4th quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock valued at $63,000 after purchasing an additional 1,074 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Avantor in the fourth quarter valued at about $65,000. 95.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Avantor news, EVP James Bramwell sold 3,758 shares of Avantor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $65,877.74. Following the sale, the executive vice president now owns 87,379 shares of the company’s stock, valued at $1,531,753.87. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total transaction of $86,019.71. Following the completion of the sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AVTR has been the topic of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Avantor in a research report on Tuesday, March 18th. Raymond James reaffirmed an “outperform” rating and issued a $24.00 price objective (down from $26.00) on shares of Avantor in a report on Monday, February 10th. Barclays cut their price objective on shares of Avantor from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their target price on shares of Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a $25.00 price target (down from $29.00) on shares of Avantor in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Avantor currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Avantor Stock Up 0.1 %

Avantor stock opened at $16.19 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.70. The stock has a market capitalization of $11.03 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The business has a 50 day simple moving average of $18.40 and a 200-day simple moving average of $21.42. Avantor, Inc. has a 12 month low of $15.37 and a 12 month high of $28.00.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Avantor had a net margin of 10.49% and a return on equity of 12.17%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts anticipate that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

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.