Avantor, Inc. (NYSE:AVTR) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in shares of Avantor, Inc. (NYSE:AVTR) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 273,280 shares of the company’s stock after selling 15,225 shares during the period. AQR Capital Management LLC’s holdings in Avantor were worth $5,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Graypoint LLC grew its position in Avantor by 3.8% in the first quarter. Graypoint LLC now owns 11,414 shares of the company’s stock worth $292,000 after acquiring an additional 423 shares during the period. Intech Investment Management LLC lifted its position in shares of Avantor by 1.8% during the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock worth $616,000 after purchasing an additional 514 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Avantor by 0.3% in the second quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock valued at $3,955,000 after purchasing an additional 528 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Avantor by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company’s stock valued at $571,000 after purchasing an additional 733 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in Avantor by 1.0% during the 1st quarter. First Hawaiian Bank now owns 91,582 shares of the company’s stock worth $2,342,000 after buying an additional 879 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AVTR has been the subject of several recent research reports. Stifel Nicolaus raised their price target on shares of Avantor from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Barclays lifted their target price on Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Morgan Stanley upped their price target on Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a research note on Thursday, September 26th. Finally, Wells Fargo & Company initiated coverage on shares of Avantor in a research note on Tuesday, August 27th. They set an “overweight” rating and a $30.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Avantor has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Avantor Trading Up 0.7 %

Shares of Avantor stock opened at $25.31 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $25.83 and a 200-day simple moving average of $24.39. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 64.88, a PEG ratio of 2.71 and a beta of 1.32. Avantor, Inc. has a 12-month low of $16.63 and a 12-month high of $28.00.

Avantor (NYSE:AVTR) last released its quarterly earnings data on Friday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Avantor had a net margin of 5.28% and a return on equity of 12.40%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. On average, equities analysts forecast that Avantor, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Avantor news, CAO Steven W. Eck sold 3,525 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $25.06, for a total value of $88,336.50. Following the completion of the sale, the chief accounting officer now owns 29,544 shares in the company, valued at approximately $740,372.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Avantor Company Profile

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.