Brickwood Asset Management LLP Boosts Position in Avantor, Inc. $AVTR

Brickwood Asset Management LLP boosted its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 6,891.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,184,043 shares of the company’s stock after acquiring an additional 3,138,504 shares during the quarter. Avantor accounts for about 25.4% of Brickwood Asset Management LLP’s portfolio, making the stock its largest position. Brickwood Asset Management LLP’s holdings in Avantor were worth $36,489,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Avantor by 119.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after acquiring an additional 1,189 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in Avantor during the 2nd quarter worth approximately $32,000. Private Trust Co. NA grew its holdings in Avantor by 46.2% during the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after acquiring an additional 875 shares during the last quarter. Osaic Holdings Inc. grew its holdings in 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Avantor by 28.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,123 shares of the company’s stock worth $49,000 after acquiring an additional 905 shares during the last quarter. 95.08% of the stock is owned by institutional investors.

Avantor Stock Up 8.7%

Avantor stock opened at $9.14 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. Avantor, Inc. has a 12-month low of $7.26 and a 12-month high of $15.93. The firm’s fifty day moving average is $7.99 and its 200 day moving average is $9.77. The company has a market capitalization of $6.24 billion, a PE ratio of -11.28, a PEG ratio of 4.87 and a beta of 0.94.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company earned $0.23 EPS. Avantor’s quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that Avantor, Inc. will post 0.79 EPS for the current fiscal year.

Insider Activity at Avantor

In related news, Director Simon Dingemans bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the transaction, the director directly owned 25,000 shares of the company’s stock, valued at approximately $203,500. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sanjeev K. Mehra bought 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of $8.01 per share, for a total transaction of $1,001,250.00. Following the transaction, the director directly owned 475,000 shares in the company, valued at $3,804,750. This trade represents a 35.71% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 160,000 shares of company stock worth $1,287,950 in the last quarter. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AVTR shares. Wall Street Zen upgraded shares of Avantor from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Avantor from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Robert W. Baird set a $11.00 price target on shares of Avantor in a research report on Thursday, February 12th. Morgan Stanley set a $10.00 price target on shares of Avantor in a research report on Friday, February 13th. Finally, Stifel Nicolaus set a $10.00 price target on shares of Avantor in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.82.

About Avantor

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.