Avantor, Inc. $AVTR Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,734,641 shares of the company’s stock after selling 175,164 shares during the period. Rhumbline Advisers owned about 0.25% of Avantor worth $21,648,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in Avantor by 119.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after acquiring an additional 1,189 shares during the period. Strategic Wealth Investment Group LLC purchased a new stake in shares of Avantor in the second quarter valued at $32,000. FNY Investment Advisers LLC acquired a new position in shares of Avantor in the second quarter valued at approximately $36,000. Osaic Holdings Inc. increased its stake in shares of Avantor by 60.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock valued at $38,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Avantor by 172.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,709 shares of the company’s stock worth $46,000 after purchasing an additional 2,346 shares during the period. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Stock Performance

Shares of AVTR opened at $9.19 on Tuesday. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of -11.78, a price-to-earnings-growth ratio of 3.62 and a beta of 0.94. The company’s fifty day moving average is $11.35 and its 200-day moving average is $12.17. The company has a quick ratio of 1.18, a current ratio of 1.78 and a debt-to-equity ratio of 0.70. Avantor, Inc. has a 12 month low of $8.90 and a 12 month high of $18.36.

Avantor (NYSE:AVTR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Avantor had a negative net margin of 8.09% and a positive return on equity of 10.45%. Avantor’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Avantor has set its FY 2026 guidance at 0.770-0.830 EPS. Equities analysts expect that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on AVTR shares. Stifel Nicolaus set a $10.00 price objective on shares of Avantor in a report on Thursday. Jefferies Financial Group restated an “underperform” rating and set a $8.00 price objective on shares of Avantor in a research note on Thursday. UBS Group reissued a “neutral” rating and issued a $10.50 price objective on shares of Avantor in a research note on Thursday. Raymond James Financial cut shares of Avantor from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Bank of America cut Avantor from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Avantor presently has an average rating of “Hold” and a consensus target price of $11.84.

Insider Buying and Selling at Avantor

In other news, Director Sanjeev K. Mehra bought 350,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average price of $11.09 per share, for a total transaction of $3,881,500.00. Following the acquisition, the director directly owned 350,000 shares of the company’s stock, valued at $3,881,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gregory L. Summe acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $9.40 per share, with a total value of $940,000.00. Following the transaction, the director directly owned 400,000 shares in the company, valued at $3,760,000. The trade was a 33.33% increase in their position. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by corporate insiders.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.