Wealth Enhancement Advisory Services LLC Acquires 1,091 Shares of Avantor, Inc. (NYSE:AVTR)

Wealth Enhancement Advisory Services LLC lifted its stake in Avantor, Inc. (NYSE:AVTR) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,012 shares of the company’s stock after purchasing an additional 1,091 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Avantor were worth $725,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its stake in Avantor by 1.8% in the 2nd quarter. Intech Investment Management LLC now owns 29,068 shares of the company’s stock worth $616,000 after acquiring an additional 514 shares in the last quarter. Arizona State Retirement System increased its holdings in Avantor by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 186,567 shares of the company’s stock worth $3,955,000 after purchasing an additional 528 shares during the period. Veracity Capital LLC increased its holdings in Avantor by 1.0% during the 3rd quarter. Veracity Capital LLC now owns 52,359 shares of the company’s stock worth $1,355,000 after purchasing an additional 543 shares during the period. Dynamic Advisor Solutions LLC raised its position in Avantor by 3.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 23,623 shares of the company’s stock valued at $611,000 after purchasing an additional 749 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Avantor by 1.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 71,743 shares of the company’s stock worth $1,834,000 after buying an additional 918 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Insider Activity

In related news, CAO Steven W. Eck sold 3,525 shares of Avantor stock in a transaction that occurred on Thursday, September 5th. The shares were 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 directly owns 29,544 shares in the company, valued at $740,372.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AVTR. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a report on Thursday, September 26th. Morgan Stanley boosted their price target on shares of Avantor from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Robert W. Baird dropped their price objective on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, October 28th. Citigroup downgraded shares of Avantor from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $23.00 in a research note on Wednesday, July 10th. Finally, Barclays dropped their target price on Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.57.

Avantor Trading Up 0.9 %

Avantor stock opened at $22.97 on Thursday. Avantor, Inc. has a one year low of $18.08 and a one year high of $28.00. The stock has a market cap of $15.63 billion, a PE ratio of 49.93, a price-to-earnings-growth ratio of 2.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.54. The stock has a 50-day moving average of $25.03 and a two-hundred day moving average of $24.14.

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.