Allianz Asset Management GmbH reduced its position in shares of Avantor, Inc. (NYSE:AVTR) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,739,206 shares of the company’s stock after selling 195,155 shares during the period. Allianz Asset Management GmbH’s holdings in Avantor were worth $193,834,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC acquired a new stake in shares of Avantor during the 3rd quarter worth about $41,000. KB Financial Partners LLC lifted its holdings in shares of Avantor by 53.4% during the 2nd quarter. KB Financial Partners LLC now owns 1,201 shares of the company’s stock worth $43,000 after acquiring an additional 418 shares during the period. Berman Capital Advisors LLC lifted its holdings in shares of Avantor by 33.1% during the 3rd quarter. Berman Capital Advisors LLC now owns 1,323 shares of the company’s stock worth $54,000 after acquiring an additional 329 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Avantor by 59.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,685 shares of the company’s stock worth $60,000 after acquiring an additional 626 shares during the period. Finally, Tortoise Investment Management LLC purchased a new position in shares of Avantor during the 3rd quarter worth about $72,000. 90.81% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on AVTR. Barclays increased their price objective on shares of Avantor from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, November 1st. Citigroup increased their price objective on shares of Avantor from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, November 1st. JPMorgan Chase & Co. initiated coverage on shares of Avantor in a report on Monday, November 22nd. They set an “overweight” rating on the stock. TheStreet lowered shares of Avantor from a “b-” rating to a “c+” rating in a report on Tuesday, November 16th. Finally, Zacks Investment Research lowered shares of Avantor from a “hold” rating to a “sell” rating in a report on Tuesday, January 4th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Avantor has a consensus rating of “Buy” and an average target price of $46.25.
Avantor (NYSE:AVTR) last released its quarterly earnings results on Wednesday, October 27th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Avantor had a net margin of 7.07% and a return on equity of 39.88%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate that Avantor, Inc. will post 1.38 earnings per share for the current year.
In other news, Director Rajiv Gupta sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $40.31, for a total transaction of $4,031,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic Vanderhaegen sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $38.25, for a total transaction of $3,060,000.00. The disclosure for this sale can be found here. Insiders have sold 405,290 shares of company stock valued at $16,117,667 in the last three months. Corporate insiders own 2.00% of the company’s stock.
Avantor Company Profile
Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates through the following segments: the Americas, Europe, and AMEA.
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