Natixis Advisors LLC Has $24.32 Million Stock Holdings in Avantor, Inc. $AVTR

Natixis Advisors LLC increased its position in shares of Avantor, Inc. (NYSE:AVTR) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,121,823 shares of the company’s stock after acquiring an additional 214,746 shares during the period. Natixis Advisors LLC’s holdings in Avantor were worth $24,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dodge & Cox boosted its position in 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 buying an additional 313,404 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $823,542,000 after acquiring an additional 1,135,279 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 valued at $431,161,000 after acquiring an additional 3,356,861 shares during the last quarter. Greenhaven Associates Inc. raised its stake in Avantor by 12.0% during the fourth quarter. Greenhaven Associates Inc. now owns 20,500,653 shares of the company’s stock worth $234,937,000 after buying an additional 2,189,083 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Avantor by 0.8% during the third quarter. Invesco Ltd. now owns 16,053,368 shares of the company’s stock worth $200,346,000 after buying an additional 119,508 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

Analysts Set New Price Targets

AVTR has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Zacks Research raised shares of Avantor from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. UBS Group reissued a “neutral” rating and set a $10.50 target price on shares of Avantor in a research note on Thursday, February 12th. Wall Street Zen cut shares of Avantor from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Royal Bank Of Canada initiated coverage on shares of Avantor in a report on Thursday, May 14th. They set a “sector perform” rating and a $9.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Avantor has an average rating of “Reduce” and an average target price of $10.57.

Insiders Place Their Bets

In related news, Director Simon Dingemans acquired 25,000 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $8.14 per share, with a total value of $203,500.00. Following the completion of the transaction, the director owned 25,000 shares in the company, valued at approximately $203,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory T. Lucier acquired 10,000 shares of the stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $8.32 per share, for a total transaction of $83,200.00. Following the transaction, 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 SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 160,000 shares of company stock valued at $1,287,950. Company insiders own 0.28% of the company’s stock.

Avantor Stock Up 5.0%

Avantor stock opened at $9.52 on Friday. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93. The stock has a market cap of $6.50 billion, a PE ratio of -11.75, a price-to-earnings-growth ratio of 5.26 and a beta of 0.97. The firm’s 50-day simple moving average is $8.15 and its 200 day simple moving average is $9.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.76.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts predict 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.