Rock Creek Group LP Trims Position in Avantor, Inc. $AVTR

Rock Creek Group LP cut its holdings in shares of Avantor, Inc. (NYSE:AVTR) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,000 shares of the company’s stock after selling 75,000 shares during the period. Rock Creek Group LP’s holdings in Avantor were worth $286,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Natixis Advisors LLC grew its stake in Avantor by 124.8% in the third quarter. Natixis Advisors LLC now owns 1,907,077 shares of the company’s stock worth $23,800,000 after purchasing an additional 1,058,617 shares during the period. Greenhaven Associates Inc. purchased a new stake in Avantor in the third quarter worth $228,528,000. Quantbot Technologies LP grew its stake in Avantor by 1,333.0% in the third quarter. Quantbot Technologies LP now owns 246,494 shares of the company’s stock worth $3,076,000 after purchasing an additional 229,293 shares during the period. London Co. of Virginia purchased a new stake in Avantor in the third quarter worth $159,669,000. Finally, Invesco Ltd. grew its stake in Avantor by 0.8% in the third quarter. Invesco Ltd. now owns 16,053,368 shares of the company’s stock worth $200,346,000 after purchasing an additional 119,508 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a $10.00 price target on Avantor in a research note on Thursday, February 12th. Robert W. Baird set a $11.00 price target on Avantor in a research note on Thursday, February 12th. Evercore set a $10.00 target price on Avantor in a research note on Wednesday, February 11th. Royal Bank Of Canada began coverage on Avantor in a research note on Thursday, May 14th. They issued a “sector perform” rating and a $9.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Avantor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Avantor has a consensus rating of “Hold” and an average price target of $10.82.

Avantor Trading Down 0.4%

NYSE AVTR opened at $9.12 on Friday. Avantor, Inc. has a 12 month low of $7.26 and a 12 month high of $15.93. The stock has a market cap of $6.22 billion, a P/E ratio of -11.25, a P/E/G ratio of 5.31 and a beta of 0.94. The stock’s fifty day moving average price is $8.02 and its 200-day moving average price is $9.76. The company has a current ratio of 1.76, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, April 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts forecast that Avantor, Inc. will post 0.79 EPS for the current fiscal year.

Insider Transactions at Avantor

In other Avantor news, Director Sanjeev K. Mehra purchased 125,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $8.01 per share, with a total value of $1,001,250.00. Following the completion of the acquisition, the director directly owned 475,000 shares in the company, valued at $3,804,750. This trade represents a 35.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory T. Lucier purchased 10,000 shares of the stock in a transaction dated Friday, May 8th. The shares were acquired 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 of the company’s stock, valued at approximately $499,200. This represents a 20.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 160,000 shares of company stock valued at $1,287,950. Insiders own 0.28% of the company’s stock.

Avantor 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.