Laurion Capital Management LP bought a new stake in shares of Avantor Inc (NYSE:AVTR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 166,070 shares of the company’s stock, valued at approximately $3,170,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AVTR. Artal Group S.A. purchased a new position in shares of Avantor in the 2nd quarter valued at $133,630,000. Egerton Capital UK LLP acquired a new position in shares of Avantor in the 2nd quarter valued at about $83,756,000. Carillon Tower Advisers Inc. acquired a new position in shares of Avantor in the 2nd quarter valued at about $30,155,000. Charles Schwab Investment Management Inc. acquired a new position in Avantor in the 2nd quarter worth about $16,846,000. Finally, Wells Fargo & Company MN acquired a new position in Avantor in the 2nd quarter worth about $9,200,000. 73.46% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on AVTR. Cowen initiated coverage on Avantor in a research note on Tuesday, June 11th. They set an “outperform” rating and a $21.00 price objective for the company. SunTrust Banks initiated coverage on Avantor in a research report on Tuesday, June 11th. They issued a “buy” rating and a $22.00 price objective for the company. William Blair started coverage on Avantor in a research report on Tuesday, June 11th. They issued an “outperform” rating for the company. Citigroup assumed coverage on shares of Avantor in a research note on Tuesday, June 11th. They set a “buy” rating and a $21.00 price target on the stock. Finally, UBS Group assumed coverage on Avantor in a research report on Tuesday, June 11th. They set a “buy” rating and a $21.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Avantor has an average rating of “Buy” and a consensus price target of $20.81.
Shares of AVTR traded down $0.29 during midday trading on Friday, reaching $14.93. The stock had a trading volume of 3,325,366 shares, compared to its average volume of 1,638,390. Avantor Inc has a 52 week low of $14.00 and a 52 week high of $19.58. The firm has a 50 day moving average of $17.01.
Avantor (NYSE:AVTR) last announced its earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts expect that Avantor Inc will post 0.57 earnings per share for the current fiscal year.
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 in more than 30 countries and deliver an extensive portfolio of products and services.
Further Reading: Options Trading – What is a Straddle?
Want to see what other hedge funds are holding AVTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avantor Inc (NYSE:AVTR).
Receive News & Ratings for Avantor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantor and related companies with MarketBeat.com's FREE daily email newsletter.