APG Asset Management N.V. Buys 77,151 Shares of Avantor, Inc. (NYSE:AVTR)

APG Asset Management N.V. raised its stake in Avantor, Inc. (NYSE:AVTR) by 12.0% during the 2nd quarter, Holdings Channel reports. The fund owned 717,907 shares of the company’s stock after acquiring an additional 77,151 shares during the period. APG Asset Management N.V.’s holdings in Avantor were worth $14,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. 1832 Asset Management L.P. grew its position in shares of Avantor by 1,634.9% in the second quarter. 1832 Asset Management L.P. now owns 8,530,118 shares of the company’s stock valued at $180,839,000 after purchasing an additional 8,038,451 shares during the last quarter. CCLA Investment Management grew its holdings in Avantor by 147,220.3% in the 1st quarter. CCLA Investment Management now owns 4,720,144 shares of the company’s stock valued at $120,828,000 after buying an additional 4,716,940 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Avantor during the 4th quarter worth $93,433,000. Sound Shore Management Inc. CT acquired a new stake in shares of Avantor during the second quarter worth $76,412,000. Finally, Avidity Partners Management LP bought a new stake in shares of Avantor in the fourth quarter valued at about $48,442,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVTR has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Stifel Nicolaus raised their target price on shares of Avantor from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Wells Fargo & Company initiated coverage on Avantor in a research note on Tuesday, August 27th. They issued an “overweight” rating and a $30.00 price target for the company. Barclays increased their price target on Avantor from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Citigroup cut Avantor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $23.00 in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Insider Transactions at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 29,544 shares of the company’s stock, valued at approximately $740,372.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Avantor Stock Performance

Avantor stock opened at $25.83 on Friday. 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 market cap of $17.55 billion, a PE ratio of 66.23, a P/E/G ratio of 2.71 and a beta of 1.32. Avantor, Inc. has a 12-month low of $16.63 and a 12-month high of $28.00. The business’s 50-day moving average price is $25.55 and its two-hundred day moving average price is $24.38.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Avantor had a net margin of 5.28% and a return on equity of 12.40%. As a group, analysts expect that Avantor, Inc. will post 1.01 earnings per share 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.