Great Lakes Advisors LLC Trims Position in Avantor, Inc. $AVTR

Great Lakes Advisors LLC decreased its position in Avantor, Inc. (NYSE:AVTR) by 15.8% during the third quarter, Holdings Channel reports. The fund owned 1,075,946 shares of the company’s stock after selling 201,607 shares during the period. Great Lakes Advisors LLC’s holdings in Avantor were worth $13,428,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Avantor by 119.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after purchasing an additional 1,189 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in Avantor during the second quarter valued at approximately $32,000. FNY Investment Advisers LLC bought a new position in Avantor in the second quarter worth approximately $36,000. Osaic Holdings Inc. boosted 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 worth $38,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in shares of Avantor during the 2nd quarter worth $47,000. 95.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AVTR. Bank of America lowered Avantor from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Monday, December 15th. Zacks Research raised Avantor from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Raymond James Financial downgraded Avantor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Barclays reaffirmed an “equal weight” rating and set a $12.00 price objective (down from $15.00) on shares of Avantor in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $12.00 price objective (down from $14.00) on shares of Avantor in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.60.

Insiders Place Their Bets

In related news, Director Sanjeev K. Mehra acquired 350,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of $11.09 per share, with a total value of $3,881,500.00. Following the acquisition, the director directly owned 350,000 shares in the company, valued at $3,881,500. This represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Avantor Price Performance

Shares of Avantor stock opened at $10.81 on Friday. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of -83.15, a PEG ratio of 3.83 and a beta of 0.93. 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 stock’s 50-day simple moving average is $11.59 and its 200-day simple moving average is $12.43. Avantor, Inc. has a 52 week low of $10.62 and a 52 week high of $22.73.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Avantor had a positive return on equity of 10.91% and a negative net margin of 1.25%.The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Avantor 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.