Sei Investments Co. Grows Stock Position in Avantor, Inc. (NYSE:AVTR)

Sei Investments Co. boosted its position in shares of Avantor, Inc. (NYSE:AVTR) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,454,500 shares of the company’s stock after buying an additional 285,704 shares during the quarter. Sei Investments Co.’s holdings in Avantor were worth $30,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AVTR. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Avantor by 99.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,253 shares of the company’s stock worth $26,000 after purchasing an additional 625 shares during the period. Smartleaf Asset Management LLC lifted its stake in Avantor by 106.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $34,000 after purchasing an additional 830 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Avantor by 76.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock valued at $52,000 after buying an additional 1,067 shares during the period. UMB Bank n.a. grew its stake in shares of Avantor by 56.3% during the fourth quarter. UMB Bank n.a. now owns 2,981 shares of the company’s stock valued at $63,000 after buying an additional 1,074 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Avantor in the fourth quarter worth approximately $65,000. Institutional investors own 95.08% of the company’s stock.

Analysts Set New Price Targets

AVTR has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Avantor from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Royal Bank of Canada cut their price target on shares of Avantor from $33.00 to $31.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Citigroup reduced their price target on shares of Avantor from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. UBS Group reissued a “neutral” rating and issued a $25.00 price objective (down from $29.00) on shares of Avantor in a research report on Friday, January 17th. Finally, Morgan Stanley reduced their target price on shares of Avantor from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Avantor Stock Down 1.0 %

Avantor stock opened at $16.33 on Wednesday. Avantor, Inc. has a twelve month low of $15.37 and a twelve month high of $28.00. The business has a fifty day moving average of $18.76 and a two-hundred day moving average of $21.57. The firm has a market cap of $11.12 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.55 and a beta of 1.30. The company has a quick ratio of 0.70, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Avantor (NYSE:AVTR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Avantor had a return on equity of 12.17% and a net margin of 10.49%. During the same quarter in the prior year, the company earned $0.22 EPS. On average, analysts forecast that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Avantor

In other Avantor news, EVP James Bramwell sold 3,758 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $65,877.74. Following the completion of the sale, the executive vice president now directly owns 87,379 shares in the company, valued at approximately $1,531,753.87. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Steven W. Eck sold 4,907 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the sale, the chief accounting officer now directly owns 40,604 shares of the company’s stock, valued at approximately $711,788.12. This represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.