Belfer Management LLC Trims Stock Position in Avantor, Inc. $AVTR

Belfer Management LLC decreased its position in Avantor, Inc. (NYSE:AVTR) by 11.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,461 shares of the company’s stock after selling 3,166 shares during the period. Avantor makes up approximately 5.2% of Belfer Management LLC’s holdings, making the stock its 10th biggest position. Belfer Management LLC’s holdings in Avantor were worth $343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AVTR. Rise Advisors LLC acquired a new position in Avantor in the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Avantor by 288.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the company’s stock valued at $28,000 after buying an additional 1,263 shares during the period. Wealthquest Corp acquired a new position in Avantor in the first quarter valued at $34,000. GAMMA Investing LLC lifted its holdings in Avantor by 121.6% in the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company’s stock valued at $61,000 after buying an additional 2,056 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Avantor by 52.0% in the first quarter. Fifth Third Bancorp now owns 3,972 shares of the company’s stock valued at $64,000 after buying an additional 1,359 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Insider Transactions at Avantor

In other Avantor news, CAO Steven W. Eck sold 3,476 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $11.39, for a total value of $39,591.64. Following the completion of the sale, the chief accounting officer directly owned 55,068 shares of the company’s stock, valued at approximately $627,224.52. This represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Avantor Trading Down 1.0%

NYSE:AVTR opened at $13.41 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.67. The firm has a 50-day moving average of $12.79 and a 200-day moving average of $13.43. The company has a market cap of $9.14 billion, a PE ratio of 13.54, a PEG ratio of 4.41 and a beta of 0.98. Avantor, Inc. has a one year low of $10.82 and a one year high of $26.14.

Avantor (NYSE:AVTR) last issued its quarterly earnings data 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). Avantor had a return on equity of 11.39% and a net margin of 10.31%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts expect that Avantor, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AVTR shares. Raymond James Financial set a $14.00 target price on shares of Avantor and gave the company an “outperform” rating in a report on Monday, August 4th. Evercore ISI dropped their price objective on shares of Avantor from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Stifel Nicolaus set a $12.00 price objective on shares of Avantor and gave the company a “hold” rating in a report on Monday, August 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Avantor in a report on Friday, August 1st. Finally, Barclays upped their price objective on shares of Avantor from $13.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Avantor has a consensus rating of “Hold” and a consensus target price of $15.65.

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.