The Manufacturers Life Insurance Company Has $12.22 Million Stock Holdings in Avantor, Inc. (NYSE:AVTR)

The Manufacturers Life Insurance Company boosted its position in shares of Avantor, Inc. (NYSE:AVTRFree Report) by 151.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 535,258 shares of the company’s stock after buying an additional 322,513 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Avantor worth $12,220,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Avantor by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 65,457,140 shares of the company’s stock valued at $1,379,837,000 after purchasing an additional 211,189 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Avantor by 3.9% in the 4th quarter. Artemis Investment Management LLP now owns 7,939,146 shares of the company’s stock valued at $181,251,000 after purchasing an additional 299,333 shares during the period. Norges Bank acquired a new position in shares of Avantor in the 4th quarter valued at $156,455,000. Invesco Ltd. increased its position in shares of Avantor by 56.5% in the 3rd quarter. Invesco Ltd. now owns 6,591,898 shares of the company’s stock valued at $138,957,000 after buying an additional 2,381,154 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Avantor by 27.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 5,418,922 shares of the company’s stock valued at $123,714,000 after buying an additional 1,171,976 shares in the last quarter. Institutional investors and hedge funds 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. UBS Group upped their price objective on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Evercore ISI upped their price objective on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Robert W. Baird lowered their price objective on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Finally, Citigroup upped their price objective on shares of Avantor from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Check Out Our Latest Stock Analysis on AVTR

Avantor Price Performance

Shares of NYSE AVTR opened at $23.47 on Tuesday. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 60.18, a PEG ratio of 2.44 and a beta of 1.35. The business has a 50-day moving average of $24.63 and a 200-day moving average of $23.73. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.05. Avantor, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $26.16.

Avantor (NYSE:AVTRGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Avantor had a return on equity of 13.01% and a net margin of 3.79%. Avantor’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. As a group, sell-side analysts predict that Avantor, Inc. will post 1.01 earnings per share for the current fiscal year.

Avantor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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