Mitsubishi UFJ Asset Management Co. Ltd. Purchases 90,666 Shares of Avantor, Inc. $AVTR

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Avantor, Inc. (NYSE:AVTR) by 17.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,639 shares of the company’s stock after purchasing an additional 90,666 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Avantor worth $8,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AVTR. Envestnet Asset Management Inc. raised its stake in shares of Avantor by 6.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 682,325 shares of the company’s stock valued at $11,060,000 after buying an additional 44,073 shares in the last quarter. Signaturefd LLC increased its stake in Avantor by 19.8% in the first quarter. Signaturefd LLC now owns 5,470 shares of the company’s stock valued at $89,000 after acquiring an additional 904 shares during the period. Whittier Trust Co. raised its position in Avantor by 3.4% in the first quarter. Whittier Trust Co. now owns 221,385 shares of the company’s stock worth $3,586,000 after purchasing an additional 7,268 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Avantor by 4.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 114,361 shares of the company’s stock worth $1,853,000 after purchasing an additional 4,440 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in Avantor by 73.2% during the first quarter. Wealthfront Advisers LLC now owns 21,347 shares of the company’s stock valued at $346,000 after purchasing an additional 9,021 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AVTR. Raymond James Financial downgraded Avantor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Evercore ISI dropped their price objective on Avantor from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Morgan Stanley reduced their target price on shares of Avantor from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Barclays reaffirmed an “equal weight” rating and issued a $12.00 target price (down previously from $15.00) on shares of Avantor in a report on Thursday, October 30th. Finally, Wells Fargo & Company cut their price target on shares of Avantor from $19.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.42.

Insider Transactions at Avantor

In other news, Director Gregory L. Summe acquired 100,000 shares of Avantor stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $11.25 per share, with a total value of $1,125,000.00. Following the acquisition, the director owned 300,000 shares in the company, valued at $3,375,000. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Avantor Stock Up 0.5%

Shares of NYSE AVTR opened at $11.56 on Thursday. Avantor, Inc. has a 12-month low of $10.82 and a 12-month high of $23.32. The firm’s 50-day simple moving average is $13.05 and its 200 day simple moving average is $13.06. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.65. The company has a market cap of $7.88 billion, a price-to-earnings ratio of -88.88, a price-to-earnings-growth ratio of 3.96 and a beta of 1.00.

Avantor (NYSE:AVTR) last announced its earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. On average, research analysts expect that Avantor, Inc. will post 1.06 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.