OLD National Bancorp IN Trims Holdings in Avantor, Inc. (NYSE:AVTR)

OLD National Bancorp IN lowered its position in shares of Avantor, Inc. (NYSE:AVTR) by 5.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,185 shares of the company’s stock after selling 1,013 shares during the period. OLD National Bancorp IN’s holdings in Avantor were worth $415,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AVTR. Boston Partners raised its position in Avantor by 21.4% during the 3rd quarter. Boston Partners now owns 28,077,026 shares of the company’s stock worth $588,362,000 after buying an additional 4,948,951 shares during the last quarter. Invesco Ltd. grew its stake in shares of Avantor by 56.5% during the 3rd quarter. Invesco Ltd. now owns 6,591,898 shares of the company’s stock worth $138,957,000 after purchasing an additional 2,381,154 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Avantor by 65.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,538,995 shares of the company’s stock worth $53,522,000 after purchasing an additional 1,005,480 shares during the period. abrdn plc grew its stake in shares of Avantor by 777.4% during the 4th quarter. abrdn plc now owns 951,775 shares of the company’s stock worth $21,729,000 after purchasing an additional 843,298 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Avantor during the 3rd quarter worth $16,864,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Avantor Trading Down 0.7 %

Shares of AVTR stock opened at $25.46 on Thursday. The firm’s 50 day moving average price is $25.05 and its two-hundred day moving average price is $22.57. Avantor, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $26.16. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 1.00. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37.

Avantor (NYSE:AVTR) last posted its earnings results on Wednesday, February 14th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts anticipate that Avantor, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

AVTR has been the topic of a number of research reports. UBS Group increased their price objective on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on shares of Avantor from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Barclays increased their price objective on shares of Avantor from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Raymond James increased their price objective on shares of Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Citigroup raised their price target on shares of Avantor from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.71.

Insider Transactions at Avantor

In other news, EVP James Bramwell sold 6,203 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total transaction of $151,911.47. Following the transaction, the executive vice president now directly owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% 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.