Balefire LLC Has $2.01 Million Holdings in Avantor, Inc. $AVTR

Balefire LLC trimmed its position in Avantor, Inc. (NYSE:AVTR) by 46.7% in the third quarter, HoldingsChannel.com reports. The firm owned 161,087 shares of the company’s stock after selling 141,027 shares during the period. Balefire LLC’s holdings in Avantor were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dodge & Cox boosted its stake in Avantor by 17.1% during the second quarter. Dodge & Cox now owns 117,433,484 shares of the company’s stock worth $1,580,655,000 after buying an additional 17,170,761 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Avantor by 1.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 41,969,199 shares of the company’s stock valued at $680,321,000 after acquiring an additional 608,806 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Avantor by 89.8% in the first quarter. 1832 Asset Management L.P. now owns 18,127,204 shares of the company’s stock valued at $293,842,000 after acquiring an additional 8,578,493 shares during the period. Invesco Ltd. increased its stake in Avantor by 36.5% in the second quarter. Invesco Ltd. now owns 15,933,860 shares of the company’s stock valued at $214,470,000 after acquiring an additional 4,264,449 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Avantor by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 15,914,573 shares of the company’s stock worth $214,210,000 after purchasing an additional 1,879,874 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Sanjeev K. Mehra purchased 350,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $11.09 per share, with a total value of $3,881,500.00. Following the completion of the purchase, the director directly owned 350,000 shares of the company’s stock, valued at $3,881,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory L. Summe purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $11.25 per share, for a total transaction of $1,125,000.00. Following the acquisition, the director owned 300,000 shares of the company’s stock, valued at $3,375,000. The trade was a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Avantor Stock Performance

Avantor stock opened at $11.08 on Thursday. The stock has a 50-day simple moving average of $12.30 and a 200 day simple moving average of $12.81. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of -85.19, a P/E/G ratio of 3.86 and a beta of 0.93. The company has a quick ratio of 0.96, a current ratio of 1.49 and a debt-to-equity ratio of 0.65. Avantor, Inc. has a 12-month low of $10.62 and a 12-month high of $23.32.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Avantor had a negative net margin of 1.25% and a positive return on equity of 10.91%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Avantor has set its FY 2025 guidance at 0.880-0.920 EPS. On average, research analysts anticipate that Avantor, Inc. will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded Avantor to an “underperform” rating in a report on Wednesday. Evercore ISI cut their target price on Avantor from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $12.00 target price (down previously from $14.00) on shares of Avantor in a research report on Thursday, October 30th. UBS Group set a $12.00 price target on Avantor in a research report on Thursday, October 30th. Finally, Barclays reiterated an “equal weight” rating and set a $12.00 price objective (down from $15.00) on shares of Avantor in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.97.

About Avantor

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.