Waratah Capital Advisors Ltd. Sells 157,321 Shares of Avantor, Inc. (NYSE:AVTR)

Waratah Capital Advisors Ltd. trimmed its holdings in shares of Avantor, Inc. (NYSE:AVTRGet Rating) by 30.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,892 shares of the company’s stock after selling 157,321 shares during the quarter. Waratah Capital Advisors Ltd. owned 0.06% of Avantor worth $11,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AVTR. Capital Advisors Ltd. LLC purchased a new position in shares of Avantor during the fourth quarter valued at $29,000. Bank of New Hampshire purchased a new position in shares of Avantor during the first quarter valued at $25,000. Byrne Asset Management LLC purchased a new position in shares of Avantor during the fourth quarter valued at $32,000. Quadrant Capital Group LLC increased its stake in shares of Avantor by 297.2% during the fourth quarter. Quadrant Capital Group LLC now owns 977 shares of the company’s stock valued at $41,000 after buying an additional 731 shares during the period. Finally, Standard Family Office LLC purchased a new position in shares of Avantor during the fourth quarter valued at $50,000. 93.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Avantor news, EVP Frederic Vanderhaegen sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the transaction, the executive vice president now directly owns 126,764 shares of the company’s stock, valued at $4,007,010.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Avantor news, EVP Frederic Vanderhaegen sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the transaction, the executive vice president now directly owns 126,764 shares of the company’s stock, valued at $4,007,010.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gerard Brophy sold 19,603 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $31.27, for a total value of $612,985.81. Following the completion of the transaction, the executive vice president now directly owns 96,935 shares of the company’s stock, valued at $3,031,157.45. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AVTR shares. Wells Fargo & Company cut their price target on Avantor from $42.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Cowen cut their target price on Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. Cowen cut their target price on Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. Raymond James cut their target price on Avantor from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Finally, TheStreet upgraded Avantor from a “c” rating to a “b-” rating in a research note on Thursday, May 19th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.92.

Avantor Price Performance

Shares of Avantor stock remained flat at $28.55 on Friday. The company had a trading volume of 4,109,511 shares, compared to its average volume of 6,533,317. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.64 and a quick ratio of 1.18. Avantor, Inc. has a 12-month low of $27.50 and a 12-month high of $44.37. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. The company has a fifty day simple moving average of $30.72 and a 200 day simple moving average of $32.46.

Avantor (NYSE:AVTRGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Avantor had a return on equity of 27.14% and a net margin of 8.27%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts forecast that Avantor, Inc. will post 1.45 EPS for the current year.

Avantor Profile

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Avantor, Inc provides products and services to customers in 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.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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