Avantor, Inc. (NYSE:AVTR) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in Avantor, Inc. (NYSE:AVTR) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,625 shares of the company’s stock after selling 1,178 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Avantor were worth $1,285,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Panagora Asset Management Inc. increased its holdings in shares of Avantor by 20.4% in the fourth quarter. Panagora Asset Management Inc. now owns 34,575 shares of the company’s stock valued at $789,000 after purchasing an additional 5,864 shares during the last quarter. Norges Bank purchased a new stake in Avantor in the 4th quarter valued at $156,455,000. Franklin Resources Inc. increased its stake in shares of Avantor by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 1,476,186 shares of the company’s stock worth $33,701,000 after acquiring an additional 11,592 shares during the last quarter. Commerce Bank raised its holdings in shares of Avantor by 52.3% during the 4th quarter. Commerce Bank now owns 30,209 shares of the company’s stock worth $690,000 after acquiring an additional 10,370 shares during the period. Finally, TCW Group Inc. acquired a new position in shares of Avantor during the 4th quarter valued at about $237,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

Insider Transactions at Avantor

In related news, CAO Steven W. Eck sold 3,525 shares of Avantor stock in a transaction 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 transaction, the chief accounting officer now directly owns 29,544 shares in the company, valued at $740,372.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AVTR shares. Morgan Stanley raised their price objective on shares of Avantor from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. TD Cowen lifted their price target on shares of Avantor from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Barclays upped their price objective on Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Robert W. Baird raised their target price on Avantor from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus upped their price target on Avantor from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.40.

Avantor Stock Down 2.6 %

Shares of NYSE:AVTR opened at $26.99 on Friday. The firm has a market capitalization of $18.33 billion, a PE ratio of 69.21, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $28.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.59 and a quick ratio of 1.05. The firm’s 50-day moving average is $25.04 and its two-hundred day moving average is $24.36.

Avantor (NYSE:AVTR) last announced its earnings results on Friday, July 26th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. Avantor had a net margin of 5.28% and a return on equity of 12.40%. Analysts predict that Avantor, Inc. will post 1.01 EPS for the current year.

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.