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.
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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