Oppenheimer Asset Management Inc. Has $2.01 Million Stock Position in Avantor, Inc. (NYSE:AVTR)

Oppenheimer Asset Management Inc. lifted its position in shares of Avantor, Inc. (NYSE:AVTR) by 13.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,101 shares of the company’s stock after buying an additional 14,761 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Avantor were worth $2,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tidal Investments LLC raised its stake in Avantor by 59.6% in the fourth quarter. Tidal Investments LLC now owns 18,869 shares of the company’s stock valued at $398,000 after purchasing an additional 7,048 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Avantor by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,027,636 shares of the company’s stock valued at $63,792,000 after purchasing an additional 74,735 shares in the last quarter. Rhenman & Partners Asset Management AB raised its stake in Avantor by 40.5% in the fourth quarter. Rhenman & Partners Asset Management AB now owns 61,826 shares of the company’s stock valued at $1,303,000 after purchasing an additional 17,826 shares in the last quarter. Smartleaf Asset Management LLC raised 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 valued at $34,000 after purchasing an additional 830 shares in the last quarter. Finally, Robeco Schweiz AG raised its stake in Avantor by 12.5% in the fourth quarter. Robeco Schweiz AG now owns 7,612,555 shares of the company’s stock valued at $160,397,000 after purchasing an additional 848,814 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Insider Activity

In other news, Director Joseph R. Massaro acquired 8,100 shares of the stock in a transaction dated Tuesday, April 29th. The stock was bought at an average price of $12.30 per share, with a total value of $99,630.00. Following the completion of the purchase, the director now directly owns 35,038 shares of the company’s stock, valued at $430,967.40. This represents a 30.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory L. Summe acquired 25,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $12.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $600,000. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 83,100 shares of company stock valued at $1,027,630 over the last quarter. 1.20% of the stock is owned by company insiders.

Avantor Stock Performance

NYSE:AVTR opened at $13.76 on Friday. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $16.97. Avantor, Inc. has a 1-year low of $11.82 and a 1-year high of $28.00. The company has a current ratio of 1.12, a quick ratio of 0.75 and a debt-to-equity ratio of 0.54. The stock has a market cap of $9.38 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04.

Avantor (NYSE:AVTR) last released its quarterly earnings data on Friday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Avantor had a return on equity of 11.93% and a net margin of 10.70%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on AVTR shares. Morgan Stanley downgraded Avantor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. The Goldman Sachs Group downgraded Avantor from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $14.00 in a research note on Tuesday, April 29th. TD Cowen cut Avantor from a “buy” rating to a “hold” rating and set a $15.50 target price on the stock. in a research report on Monday, April 28th. Robert W. Baird decreased their target price on Avantor from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank Of Canada decreased their target price on Avantor from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.88.

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.