Fifth Third Bancorp Grows Stock Position in Avantor, Inc. (NYSE:AVTR)

Fifth Third Bancorp increased its holdings in Avantor, Inc. (NYSE:AVTR) by 52.0% during the 1st quarter, Holdings Channel reports. The firm owned 3,972 shares of the company’s stock after buying an additional 1,359 shares during the period. Fifth Third Bancorp’s holdings in Avantor were worth $64,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Avantor by 106.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,611 shares of the company’s stock worth $34,000 after purchasing an additional 830 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Avantor by 76.7% in the fourth quarter. Global Retirement Partners LLC now owns 2,459 shares of the company’s stock worth $52,000 after purchasing an additional 1,067 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Avantor in the fourth quarter worth about $65,000. GAMMA Investing LLC grew its stake in shares of Avantor by 121.6% in the first quarter. GAMMA Investing LLC now owns 3,747 shares of the company’s stock worth $61,000 after purchasing an additional 2,056 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Avantor by 24.9% in the fourth quarter. Signaturefd LLC now owns 4,566 shares of the company’s stock worth $96,000 after purchasing an additional 911 shares during the last quarter. 95.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVTR has been the topic of several recent analyst reports. Morgan Stanley cut Avantor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. Royal Bank Of Canada cut their target price on Avantor from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Robert W. Baird cut their target price on Avantor from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company cut their target price on Avantor from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group cut Avantor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $14.00 in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.88.

Insider Transactions at Avantor

In other Avantor news, Director Joseph R. Massaro acquired 8,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $12.30 per share, with a total value of $99,630.00. Following the transaction, the director now owns 35,038 shares of the company’s stock, valued at $430,967.40. The trade was a 30.07% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory L. Summe acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $600,000. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 83,100 shares of company stock valued at $1,027,630 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Avantor Stock Performance

Avantor stock opened at $13.58 on Friday. The stock’s 50 day simple moving average is $13.40 and its two-hundred day simple moving average is $17.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 1.12. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.33 and a beta of 1.04. Avantor, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $28.00.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Avantor had a return on equity of 11.93% and a net margin of 10.70%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm posted $0.22 EPS. The business’s revenue was down 5.9% on a year-over-year basis. As a group, analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Avantor 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.