CenterBook Partners LP Boosts Holdings in Avantor, Inc. $AVTR

CenterBook Partners LP raised its position in Avantor, Inc. (NYSE:AVTR) by 58.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,253 shares of the company’s stock after purchasing an additional 85,340 shares during the period. CenterBook Partners LP’s holdings in Avantor were worth $2,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Avantor by 119.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after buying an additional 1,189 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Avantor during the second quarter worth about $32,000. Private Trust Co. NA grew its position in Avantor by 46.2% during the fourth quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock worth $32,000 after buying an additional 875 shares in the last quarter. Osaic Holdings Inc. increased its stake in Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Avantor in the 4th quarter valued at about $32,000. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Robert W. Baird set a $11.00 price target on Avantor in a research report on Thursday, February 12th. Morgan Stanley set a $10.00 target price on shares of Avantor in a research note on Friday, February 13th. Citigroup dropped their target price on shares of Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company cut their price target on shares of Avantor from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $8.00 price target on shares of Avantor in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $10.57.

Insider Buying and Selling at Avantor

In other Avantor news, Director Simon Dingemans purchased 25,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at approximately $203,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gregory T. Lucier acquired 10,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $8.32 per share, for a total transaction of $83,200.00. Following the acquisition, the director owned 60,000 shares of the company’s stock, valued at approximately $499,200. This trade represents a 20.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.28% of the company’s stock.

Avantor Price Performance

Shares of Avantor stock opened at $9.94 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $6.78 billion, a PE ratio of -12.27, a price-to-earnings-growth ratio of 5.62 and a beta of 0.97. The business’s 50-day moving average price is $8.27 and its 200-day moving average price is $9.65. Avantor, Inc. has a 12 month low of $7.26 and a 12 month high of $15.93.

Avantor (NYSE:AVTR) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Avantor had a negative net margin of 8.42% and a positive return on equity of 9.95%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s revenue was up .0% on a year-over-year basis. Sell-side analysts forecast that Avantor, Inc. will post 0.79 EPS for the current fiscal year.

Avantor Company Profile

Avantor, Inc (NYSE:AVTR) is a global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The company delivers essential solutions that support research, development, production and safety applications. Its product portfolio spans from high-purity chemicals and reagents to biologics and cell culture media, as well as lab equipment, consumables and custom manufacturing services.

Avantor’s offerings are organized across two primary segments.