1,111,144 Shares in Avantor, Inc. $AVTR Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of Avantor, Inc. (NYSE:AVTR) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,111,144 shares of the company’s stock, valued at approximately $12,734,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dodge & Cox increased its holdings in shares of Avantor by 0.3% in the third quarter. Dodge & Cox now owns 117,746,888 shares of the company’s stock valued at $1,469,481,000 after purchasing an additional 313,404 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Avantor by 1.8% during the third quarter. Vanguard Group Inc. now owns 65,988,977 shares of the company’s stock worth $823,542,000 after acquiring an additional 1,135,279 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Avantor by 10.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 34,548,129 shares of the company’s stock worth $431,161,000 after acquiring an additional 3,356,861 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Avantor during the fourth quarter valued at $268,584,000. Finally, Greenhaven Associates Inc. lifted its stake in shares of Avantor by 12.0% during the fourth quarter. Greenhaven Associates Inc. now owns 20,500,653 shares of the company’s stock valued at $234,937,000 after acquiring an additional 2,189,083 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup lowered their price objective on Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Wolfe Research downgraded shares of Avantor to an “underperform” rating and set a $7.00 target price on the stock. in a research report on Monday, June 1st. Royal Bank Of Canada started coverage on shares of Avantor in a research note on Thursday, May 14th. They issued a “sector perform” rating and a $9.00 target price on the stock. Barclays lowered their price target on shares of Avantor from $8.50 to $7.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. Finally, Zacks Research upgraded shares of Avantor from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $10.57.

Avantor Price Performance

Avantor stock opened at $9.59 on Friday. 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 $6.54 billion, a P/E ratio of -11.83, a PEG ratio of 5.49 and a beta of 0.97. The business has a 50-day moving average of $8.51 and a 200-day moving average of $9.55. Avantor, Inc. has a 1 year low of $7.26 and a 1 year high of $15.93.

Avantor (NYSE:AVTR) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share 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 business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company posted $0.23 EPS. Avantor’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that Avantor, Inc. will post 0.79 EPS for the current year.

Insider Activity at Avantor

In other news, Director Gregory T. Lucier bought 10,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $8.32 per share, for a total transaction of $83,200.00. Following the completion of the acquisition, the director owned 60,000 shares in the company, valued at approximately $499,200. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Simon Dingemans purchased 25,000 shares of Avantor stock in a transaction dated Friday, May 1st. The shares were purchased 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 owned 25,000 shares of the company’s stock, 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. 0.28% of the stock is currently owned by corporate insiders.

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.