GAMMA Investing LLC Reduces Stock Position in Avantor, Inc. (NYSE:AVTR)

GAMMA Investing LLC trimmed its position in Avantor, Inc. (NYSE:AVTRFree Report) by 37.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,691 shares of the company’s stock after selling 1,024 shares during the period. GAMMA Investing LLC’s holdings in Avantor were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AVTR. UMB Bank n.a. acquired a new position in shares of Avantor in the 3rd quarter valued at $49,000. Nisa Investment Advisors LLC raised its stake in shares of Avantor by 69.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,035 shares of the company’s stock valued at $53,000 after purchasing an additional 835 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Avantor by 278.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,031 shares of the company’s stock valued at $130,000 after acquiring an additional 3,700 shares during the last quarter. Quarry LP boosted its holdings in shares of Avantor by 4,489.1% in the 2nd quarter. Quarry LP now owns 6,333 shares of the company’s stock valued at $134,000 after buying an additional 6,195 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Avantor during the 3rd quarter worth approximately $139,000. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Trading Down 1.4 %

AVTR stock opened at $21.71 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.06. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 47.20, a P/E/G ratio of 2.75 and a beta of 1.28. Avantor, Inc. has a fifty-two week low of $19.59 and a fifty-two week high of $28.00. The business has a fifty day moving average price of $21.49 and a 200 day moving average price of $23.36.

Analyst Ratings Changes

Several brokerages have recently issued reports on AVTR. Barclays reduced their price objective on Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. UBS Group decreased their price objective on shares of Avantor from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Avantor in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price target on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Robert W. Baird cut their price target on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.69.

View Our Latest Research Report on Avantor

About Avantor

(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.

See Also

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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