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.
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, 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.
Featured Article: What is the CBOE Russell 2000® Volatility Index?
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.