Dimensional Fund Advisors LP Has $132.44 Million Position in Avantor, Inc. $AVTR

Dimensional Fund Advisors LP increased its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,894,649 shares of the company’s stock after purchasing an additional 2,288,053 shares during the period. Dimensional Fund Advisors LP’s holdings in Avantor were worth $132,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP bought a new position in Avantor in the fourth quarter valued at approximately $268,584,000. Morgan Stanley boosted its stake in Avantor by 179.4% in the 4th quarter. Morgan Stanley now owns 17,468,418 shares of the company’s stock worth $200,188,000 after purchasing an additional 11,216,565 shares during the period. Invesco Ltd. boosted its stake in Avantor by 7.0% in the 4th quarter. Invesco Ltd. now owns 17,178,716 shares of the company’s stock worth $196,868,000 after purchasing an additional 1,125,348 shares during the period. Clarkston Capital Partners LLC increased its holdings in Avantor by 0.6% during the 4th quarter. Clarkston Capital Partners LLC now owns 15,105,065 shares of the company’s stock worth $173,104,000 after purchasing an additional 84,740 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Avantor by 122.0% during the 2nd quarter. Bank of America Corp DE now owns 7,495,095 shares of the company’s stock worth $100,884,000 after purchasing an additional 4,119,522 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on AVTR. Barclays lifted their price target on Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Citigroup increased their price objective on Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. UBS Group set a $8.00 target price on Avantor in a research report on Wednesday, June 24th. Wolfe Research cut Avantor to an “underperform” rating and set a $7.00 target price on the stock. in a research note on Monday, June 1st. Finally, Evercore set a $10.50 target price on Avantor in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $10.62.

Insider Activity at Avantor

In related news, Director Gregory T. Lucier purchased 10,000 shares of the stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $8.32 per share, with a total value of $83,200.00. Following the transaction, the director directly owned 60,000 shares of the company’s stock, valued at $499,200. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Simon Dingemans acquired 25,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the purchase, the director owned 25,000 shares in the company, valued at approximately $203,500. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.28% of the company’s stock.

Avantor Trading Up 3.1%

Avantor stock opened at $11.79 on Tuesday. The firm has a 50-day moving average of $9.80 and a 200-day moving average of $9.39. Avantor, Inc. has a one year low of $7.26 and a one year high of $15.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17. The company has a market cap of $8.05 billion, a price-to-earnings ratio of -14.56, a P/E/G ratio of 6.37 and a beta of 0.94.

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