Rhumbline Advisers Raises Stock Holdings in Avantor, Inc. $AVTR

Rhumbline Advisers raised its position in shares of Avantor, Inc. (NYSE:AVTR) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,909,805 shares of the company’s stock after buying an additional 18,667 shares during the quarter. Rhumbline Advisers owned about 0.28% of Avantor worth $25,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dodge & Cox lifted its position in Avantor by 1.1% during the 1st quarter. Dodge & Cox now owns 100,262,723 shares of the company’s stock valued at $1,625,259,000 after acquiring an additional 1,116,953 shares during the period. Vanguard Group Inc. grew its holdings in shares of Avantor by 1.5% during the first quarter. Vanguard Group Inc. now owns 64,952,926 shares of the company’s stock valued at $1,052,887,000 after buying an additional 983,172 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Avantor by 1.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 41,969,199 shares of the company’s stock valued at $680,321,000 after acquiring an additional 608,806 shares in the last quarter. 1832 Asset Management L.P. lifted its position in Avantor by 89.8% in the 1st quarter. 1832 Asset Management L.P. now owns 18,127,204 shares of the company’s stock valued at $293,842,000 after acquiring an additional 8,578,493 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Avantor by 53.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,034,699 shares of the company’s stock valued at $227,502,000 after purchasing an additional 4,876,524 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AVTR. Jefferies Financial Group reaffirmed a “hold” rating on shares of Avantor in a report on Friday, August 1st. Royal Bank Of Canada decreased their target price on Avantor from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Raymond James Financial cut shares of Avantor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 price target (down from $14.00) on shares of Avantor in a research note on Thursday, October 30th. Finally, Evercore ISI decreased their price objective on shares of Avantor from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Avantor has a consensus rating of “Hold” and a consensus target price of $14.42.

Avantor Price Performance

NYSE AVTR opened at $11.74 on Thursday. Avantor, Inc. has a 52 week low of $10.82 and a 52 week high of $23.32. The firm has a market capitalization of $8.00 billion, a P/E ratio of -90.27, a PEG ratio of 4.07 and a beta of 1.00. 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 50-day moving average price of $12.77 and a 200-day moving average price of $12.99.

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

Insider Transactions at Avantor

In related news, Director Gregory L. Summe purchased 100,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $11.25 per share, with a total value of $1,125,000.00. Following the completion of the acquisition, the director owned 300,000 shares of the company’s stock, valued at approximately $3,375,000. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.