Avantor, Inc. $AVTR Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its position in Avantor, Inc. (NYSE:AVTR) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 118,065 shares of the company’s stock after buying an additional 3,704 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Avantor were worth $1,589,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AVTR. 1832 Asset Management L.P. boosted its holdings in shares of Avantor by 89.8% during the 1st quarter. 1832 Asset Management L.P. now owns 18,127,204 shares of the company’s stock worth $293,842,000 after purchasing an additional 8,578,493 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Avantor by 53.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,034,699 shares of the company’s stock worth $227,502,000 after purchasing an additional 4,876,524 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Avantor by 19.3% during the 1st quarter. Invesco Ltd. now owns 11,669,411 shares of the company’s stock worth $189,161,000 after purchasing an additional 1,884,273 shares during the last quarter. KBC Group NV boosted its holdings in shares of Avantor by 483.7% during the 1st quarter. KBC Group NV now owns 1,823,686 shares of the company’s stock worth $29,562,000 after purchasing an additional 1,511,255 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its holdings in shares of Avantor by 17.8% during the 1st quarter. Clarkston Capital Partners LLC now owns 9,591,950 shares of the company’s stock worth $155,486,000 after purchasing an additional 1,446,125 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Avantor from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Evercore ISI lowered their target price on Avantor from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Wells Fargo & Company lowered their target price on Avantor from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada lowered their target price on Avantor from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Avantor in a report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Avantor presently has an average rating of “Hold” and a consensus target price of $15.81.

Avantor Trading Down 2.8%

AVTR opened at $15.17 on Thursday. Avantor, Inc. has a one year low of $10.82 and a one year high of $23.93. The stock has a market capitalization of $10.34 billion, a PE ratio of 15.32, a P/E/G ratio of 5.09 and a beta of 0.98. The business’s 50 day moving average price is $13.23 and its 200 day moving average price is $13.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 0.98.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Avantor had a net margin of 10.31% and a return on equity of 11.39%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. As a group, equities research analysts expect that Avantor, Inc. will post 1.06 EPS for the current year.

Insider Transactions at Avantor

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $11.39, for a total value of $39,591.64. Following the sale, the chief accounting officer owned 55,068 shares of the company’s stock, valued at $627,224.52. The trade was a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

About Avantor

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.