London Co. of Virginia Sells 1,084,265 Shares of Avantor, Inc. $AVTR

London Co. of Virginia reduced its stake in Avantor, Inc. (NYSE:AVTR) by 9.1% during the 1st quarter, HoldingsChannel reports. The firm owned 10,852,257 shares of the company’s stock after selling 1,084,265 shares during the quarter. London Co. of Virginia’s holdings in Avantor were worth $85,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in Avantor by 119.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock valued at $29,000 after acquiring an additional 1,189 shares during the period. Private Trust Co. NA lifted its holdings in shares of Avantor by 46.2% during the fourth quarter. Private Trust Co. NA now owns 2,769 shares of the company’s stock valued at $32,000 after acquiring an additional 875 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in shares of Avantor in the 2nd quarter valued at $32,000. Los Angeles Capital Management LLC bought a new stake in shares of Avantor in the 4th quarter worth about $32,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Avantor by 60.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after purchasing an additional 1,064 shares during the last quarter. Institutional investors own 95.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group set a $8.00 price target on shares of Avantor in a report on Wednesday, June 24th. Wall Street Zen raised shares of Avantor from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Barclays lifted their target price on shares of Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, June 24th. TD Cowen reissued a “hold” rating on shares of Avantor in a report on Wednesday, July 15th. Finally, Wolfe Research lowered Avantor to an “underperform” rating and set a $7.00 price target on the stock. in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.62.

Insider Buying and Selling

In other news, Director Gregory T. Lucier acquired 10,000 shares of Avantor stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $8.32 per share, with a total value of $83,200.00. Following the acquisition, the director owned 60,000 shares in the company, valued at $499,200. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Simon Dingemans acquired 25,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $8.14 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at approximately $203,500. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

Avantor Stock Up 1.0%

Shares of NYSE AVTR opened at $11.47 on Friday. Avantor, Inc. has a 12-month low of $7.26 and a 12-month high of $15.93. The firm’s 50-day simple moving average is $9.71 and its 200 day simple moving average is $9.41. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market cap of $7.83 billion, a price-to-earnings ratio of -14.16, a price-to-earnings-growth ratio of 6.37 and a beta of 0.94.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, beating 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 firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.23 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts expect that Avantor, Inc. will post 0.79 earnings per share 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.