Wilson Asset Management International PTY Ltd. Has $19.58 Million Stake in Avantor, Inc. (NYSE:AVTR)

Wilson Asset Management International PTY Ltd. increased its position in shares of Avantor, Inc. (NYSE:AVTR) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 757,032 shares of the company’s stock after acquiring an additional 115,880 shares during the quarter. Avantor comprises 4.7% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 8th biggest position. Wilson Asset Management International PTY Ltd. owned 0.11% of Avantor worth $19,584,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC grew its position in Avantor by 113.0% during the 1st quarter. Jennison Associates LLC now owns 2,497,349 shares of the company’s stock worth $63,857,000 after purchasing an additional 1,325,026 shares during the last quarter. Swedbank AB acquired a new stake in Avantor during the 1st quarter worth about $2,707,000. Diversify Advisory Services LLC purchased a new stake in Avantor during the 1st quarter valued at about $908,000. BNP Paribas Financial Markets raised its stake in shares of Avantor by 42.4% in the first quarter. BNP Paribas Financial Markets now owns 309,394 shares of the company’s stock worth $7,911,000 after purchasing an additional 92,098 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Avantor by 44.6% during the first quarter. William Blair Investment Management LLC now owns 1,047,732 shares of the company’s stock worth $26,791,000 after purchasing an additional 322,985 shares during the period. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley increased their price target on Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. TD Cowen boosted their price objective on Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, July 29th. Citigroup lowered Avantor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $23.00 in a report on Wednesday, July 10th. Finally, Barclays decreased their price target on Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday. Three 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.com, Avantor presently has an average rating of “Moderate Buy” and an average price target of $27.57.

Avantor Trading Up 0.9 %

Shares of AVTR opened at $22.63 on Tuesday. The firm’s fifty day moving average is $25.44 and its two-hundred day moving average is $24.23. The stock has a market cap of $15.37 billion, a PE ratio of 58.03, a price-to-earnings-growth ratio of 2.93 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.89. Avantor, Inc. has a 52-week low of $16.63 and a 52-week high of $28.00.

Avantor (NYSE:AVTR) last released its quarterly earnings data on Friday, July 26th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Avantor had a net margin of 5.28% and a return on equity of 12.40%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. Research analysts forecast that Avantor, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Steven W. Eck sold 3,525 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $25.06, for a total transaction of $88,336.50. Following the completion of the sale, the chief accounting officer now directly owns 29,544 shares in the company, valued at approximately $740,372.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

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.