5,900 Shares in Avantor, Inc. (NYSE:AVTR) Purchased by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. bought a new position in shares of Avantor, Inc. (NYSE:AVTR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 5,900 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVTR. Parnassus Investments CA purchased a new position in Avantor during the first quarter worth about $146,515,000. Bessemer Group Inc. lifted its position in Avantor by 444,541.3% during the second quarter. Bessemer Group Inc. now owns 4,410,842 shares of the company’s stock worth $156,629,000 after buying an additional 4,409,850 shares during the period. BlackRock Inc. lifted its position in Avantor by 9.9% during the first quarter. BlackRock Inc. now owns 36,114,244 shares of the company’s stock worth $1,044,786,000 after buying an additional 3,264,774 shares during the period. Iridian Asset Management LLC CT purchased a new position in Avantor during the first quarter worth about $73,442,000. Finally, Jennison Associates LLC lifted its position in Avantor by 178.4% during the first quarter. Jennison Associates LLC now owns 3,387,562 shares of the company’s stock worth $98,002,000 after buying an additional 2,170,738 shares during the period. Hedge funds and other institutional investors own 90.20% of the company’s stock.

Shares of NYSE:AVTR opened at $42.01 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 2.83. Avantor, Inc. has a 52-week low of $21.04 and a 52-week high of $43.77. The company has a 50 day moving average of $38.48 and a two-hundred day moving average of $33.90. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 93.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.79.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Avantor had a net margin of 4.47% and a return on equity of 44.55%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.73 billion. On average, equities analysts anticipate that Avantor, Inc. will post 1.35 earnings per share for the current year.

AVTR has been the topic of several research analyst reports. Barclays lifted their price objective on Avantor from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, August 2nd. Morgan Stanley raised their price target on shares of Avantor from $38.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, August 2nd. Stifel Nicolaus raised their price target on shares of Avantor from $43.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 10th. Raymond James began coverage on shares of Avantor in a report on Monday, August 30th. They issued an “outperform” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Avantor from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, September 10th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $42.33.

In other Avantor news, Director Rajiv Gupta sold 100,000 shares of Avantor stock in a transaction on Friday, August 20th. The shares were sold at an average price of $38.81, for a total value of $3,881,000.00. Following the completion of the transaction, the director now owns 1,279,347 shares of the company’s stock, valued at $49,651,457.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Steven W. Eck sold 17,383 shares of Avantor stock in a transaction on Thursday, August 26th. The stock was sold at an average price of $40.08, for a total transaction of $696,710.64. The disclosure for this sale can be found here. Insiders have sold 419,652 shares of company stock valued at $15,849,715 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Avantor Company Profile

Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates through the following segments: the Americas, Europe, and AMEA.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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