Raymond James & Associates Has $5.91 Million Stake in Avantor, Inc. (NYSE:AVTR)

Raymond James & Associates lowered its stake in shares of Avantor, Inc. (NYSE:AVTR – Get Rating) by 32.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 280,374 shares of the company’s stock after selling 132,659 shares during the period. Raymond James & Associates’ holdings in Avantor were worth $5,913,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in shares of Avantor by 5.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 254,000 shares of the company’s stock worth $5,345,000 after acquiring an additional 14,229 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Avantor by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 458,189 shares of the company’s stock worth $9,663,000 after acquiring an additional 52,801 shares during the period. Cannon Global Investment Management LLC boosted its position in shares of Avantor by 37.9% during the 4th quarter. Cannon Global Investment Management LLC now owns 80,000 shares of the company’s stock valued at $1,687,000 after acquiring an additional 22,000 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Avantor by 442.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 84,055 shares of the company’s stock valued at $1,647,000 after acquiring an additional 68,559 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Avantor by 53.9% in the fourth quarter. Toronto Dominion Bank now owns 212,917 shares of the company’s stock valued at $4,487,000 after acquiring an additional 74,598 shares during the period. Institutional investors own 88.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AVTR. Wells Fargo & Company lifted their price objective on Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Citigroup upped their target price on shares of Avantor from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, February 6th. 888 reissued a “maintains” rating on shares of Avantor in a report on Monday, May 1st. Raymond James lifted their target price on shares of Avantor from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. Finally, Bank of America decreased their price target on Avantor from $30.00 to $27.00 in a research report on Sunday, April 30th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.75.

Avantor Stock Up 0.5 %

Shares of Avantor stock opened at $20.95 on Monday. Avantor, Inc. has a 52-week low of $17.91 and a 52-week high of $33.48. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.03 and a current ratio of 1.57. The business’s 50 day simple moving average is $20.57 and its 200 day simple moving average is $21.67. The firm has a market cap of $14.14 billion, a PE ratio of 22.77 and a beta of 1.33.

Avantor (NYSE:AVTR – Get Rating) last announced its earnings results on Friday, April 28th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Avantor had a net margin of 8.41% and a return on equity of 18.81%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. On average, analysts predict that Avantor, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Gerard Brophy sold 3,914 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $25.00, for a total transaction of $97,850.00. Following the sale, the executive vice president now owns 108,715 shares in the company, valued at $2,717,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Christophe Couturier sold 1,498 shares of Avantor stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $21.18, for a total value of $31,727.64. Following the completion of the transaction, the executive vice president now owns 98,650 shares of the company’s stock, valued at approximately $2,089,407. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gerard Brophy sold 3,914 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $25.00, for a total transaction of $97,850.00. Following the completion of the sale, the executive vice president now directly owns 108,715 shares in the company, valued at $2,717,875. The disclosure for this sale can be found here. Insiders sold 8,490 shares of company stock worth $204,188 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Avantor Company Profile

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Avantor, Inc engages in providing mission critical products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. It sells materials, equipment, instrumentation, and offers specialty procurement. The firm operates through the following segments: the Americas, Europe, and AMEA.