Natixis Has $41.86 Million Holdings in Avantor, Inc. (NYSE:AVTR)

Natixis lifted its position in Avantor, Inc. (NYSE:AVTR) by 28.2% in the second quarter, HoldingsChannel.com reports. The firm owned 1,178,881 shares of the company’s stock after acquiring an additional 259,097 shares during the period. Natixis’ holdings in Avantor were worth $41,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AVTR. Psagot Investment House Ltd. bought a new stake in Avantor in the 1st quarter valued at $73,000. Captrust Financial Advisors acquired a new stake in shares of Avantor during the 1st quarter valued at about $96,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Avantor in the first quarter valued at about $120,000. Rockefeller Capital Management L.P. bought a new stake in Avantor in the second quarter valued at about $150,000. Finally, O Shaughnessy Asset Management LLC raised its position in Avantor by 447.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,513 shares of the company’s stock worth $160,000 after purchasing an additional 3,688 shares in the last quarter. 90.20% of the stock is owned by hedge funds and other institutional investors.

Shares of AVTR stock traded up $0.21 during trading hours on Thursday, reaching $37.41. 9,270 shares of the company were exchanged, compared to its average volume of 4,458,759. Avantor, Inc. has a fifty-two week low of $22.49 and a fifty-two week high of $44.37. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.76 and a quick ratio of 1.15. The stock’s fifty day moving average is $40.42 and its two-hundred day moving average is $35.82. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 82.67, a P/E/G ratio of 1.15 and a beta of 1.68.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Thursday, July 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Avantor had a net margin of 4.47% and a return on equity of 44.55%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.73 billion. On average, research analysts anticipate that Avantor, Inc. will post 1.35 earnings per share for the current year.

AVTR has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Avantor from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 10th. Citigroup boosted their price target on Avantor from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. Piper Sandler upgraded Avantor from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $45.00 in a research note on Monday, August 2nd. Wells Fargo & Company lifted their price objective on Avantor from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Finally, Credit Suisse Group upped their target price on shares of Avantor from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, September 10th. Fifteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $43.06.

In related news, Director Rajiv Gupta sold 100,000 shares of the stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $39.94, for a total value of $3,994,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James Bramwell sold 6,112 shares of Avantor stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of $37.00, for a total transaction of $226,144.00. Following the sale, the executive vice president now directly owns 79,899 shares of the company’s stock, valued at approximately $2,956,263. The disclosure for this sale can be found here. Insiders sold a total of 545,920 shares of company stock valued at $21,750,831 over the last three months. Insiders own 2.00% of the company’s stock.

Avantor 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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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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