Avantor, Inc. (NYSE:AVTR) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank lifted its position in Avantor, Inc. (NYSE:AVTR) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,100 shares of the company’s stock after purchasing an additional 24,342 shares during the quarter. First Hawaiian Bank’s holdings in Avantor were worth $2,299,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in Avantor in the third quarter valued at approximately $49,000. Nisa Investment Advisors LLC increased its holdings in shares of Avantor by 69.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock valued at $53,000 after acquiring an additional 835 shares during the period. GAMMA Investing LLC raised its position in Avantor by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,715 shares of the company’s stock valued at $70,000 after purchasing an additional 1,285 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Avantor by 278.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,031 shares of the company’s stock valued at $130,000 after purchasing an additional 3,700 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Avantor during the 3rd quarter worth $139,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Barclays reduced their price objective on Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lowered their target price on Avantor from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, October 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.69.

Avantor Stock Up 0.6 %

AVTR stock opened at $22.13 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $21.54 and its 200 day moving average price is $23.35. Avantor, Inc. has a 52 week low of $19.59 and a 52 week high of $28.00. The company has a market cap of $15.06 billion, a P/E ratio of 48.11, a P/E/G ratio of 2.75 and a beta of 1.28.

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.