Thornburg Investment Management Inc. Has $6.21 Million Stock Holdings in Avantor, Inc. $AVTR

Thornburg Investment Management Inc. trimmed its holdings in Avantor, Inc. (NYSE:AVTR) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 461,322 shares of the company’s stock after selling 39,161 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Avantor were worth $6,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tredje AP fonden lifted its holdings in shares of Avantor by 110.7% during the second quarter. Tredje AP fonden now owns 110,981 shares of the company’s stock worth $1,494,000 after buying an additional 58,304 shares during the last quarter. Fifth Third Bancorp increased its position in Avantor by 1,741.4% during the second quarter. Fifth Third Bancorp now owns 73,141 shares of the company’s stock worth $984,000 after acquiring an additional 69,169 shares during the period. Swedbank AB raised its stake in Avantor by 71.4% during the 2nd quarter. Swedbank AB now owns 102,514 shares of the company’s stock valued at $1,380,000 after purchasing an additional 42,700 shares during the last quarter. Stanley Capital Management LLC boosted its holdings in Avantor by 42.9% in the 1st quarter. Stanley Capital Management LLC now owns 998,500 shares of the company’s stock valued at $16,186,000 after purchasing an additional 300,000 shares during the period. Finally, Perpetual Ltd grew its position in Avantor by 3.5% in the 2nd quarter. Perpetual Ltd now owns 1,805,497 shares of the company’s stock worth $24,302,000 after purchasing an additional 60,823 shares during the last quarter. Institutional investors own 95.08% of the company’s stock.

Analysts Set New Price Targets

AVTR has been the subject of a number of research analyst reports. Raymond James Financial lowered shares of Avantor from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Robert W. Baird raised their price objective on Avantor from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $12.00 price objective (down previously from $14.00) on shares of Avantor in a report on Thursday, October 30th. Morgan Stanley lowered their price objective on Avantor from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reduced 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. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.42.

Avantor Trading Up 2.9%

AVTR stock opened at $11.84 on Wednesday. Avantor, Inc. has a 1-year low of $10.82 and a 1-year high of $23.32. The firm has a market cap of $8.07 billion, a P/E ratio of -91.10, a P/E/G ratio of 3.96 and a beta of 1.00. The business’s 50 day moving average is $12.78 and its 200-day moving average is $13.00. The company has a current ratio of 1.49, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65.

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

Insider Activity

In other news, Director Gregory L. Summe bought 100,000 shares of Avantor stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $11.25 per share, for a total transaction of $1,125,000.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.