Avantor, Inc. $AVTR Shares Purchased by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC grew its stake in Avantor, Inc. (NYSE:AVTR) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,105,065 shares of the company’s stock after acquiring an additional 84,740 shares during the period. Avantor accounts for approximately 4.0% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Clarkston Capital Partners LLC’s holdings in Avantor were worth $173,104,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AVTR. EverSource Wealth Advisors LLC boosted its holdings 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 worth $29,000 after buying an additional 1,189 shares during the period. Private Trust Co. NA grew its stake in Avantor by 46.2% in the 4th quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock valued at $32,000 after buying an additional 875 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new position in Avantor in the 2nd quarter valued at about $32,000. Los Angeles Capital Management LLC acquired a new position in Avantor in the 4th quarter valued at about $32,000. Finally, Osaic Holdings Inc. grew its stake in Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AVTR shares. Wells Fargo & Company decreased their price target on shares of Avantor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Citigroup decreased their price target on shares of Avantor from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Wolfe Research lowered shares of Avantor to an “underperform” rating and set a $7.00 price target on the stock. in a research note on Monday, June 1st. Royal Bank Of Canada started coverage on shares of Avantor in a research note on Thursday, May 14th. They issued a “sector perform” rating and a $9.00 price target on the stock. Finally, Wall Street Zen lowered shares of Avantor from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Avantor currently has an average rating of “Reduce” and a consensus target price of $10.57.

Insider Activity

In other Avantor news, Director Simon Dingemans acquired 25,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $203,500. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory T. Lucier bought 10,000 shares of Avantor stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $8.32 per share, for a total transaction of $83,200.00. Following the completion of the acquisition, the director owned 60,000 shares in the company, valued at $499,200. This represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. 0.28% of the stock is owned by insiders.

Avantor Price Performance

Shares of Avantor stock opened at $9.38 on Friday. Avantor, Inc. has a twelve month low of $7.26 and a twelve month high of $15.93. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of $8.38 and a two-hundred day simple moving average of $9.63. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of -11.57, a price-to-earnings-growth ratio of 5.60 and a beta of 0.97.

Avantor (NYSE:AVTR) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s revenue was up .0% on a year-over-year basis. Analysts forecast that Avantor, Inc. will post 0.79 EPS for the current year.

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.