Taikang Asset Management Hong Kong Co Ltd Buys 171,679 Shares of Avantor, Inc. $AVTR

Taikang Asset Management Hong Kong Co Ltd lifted its stake in shares of Avantor, Inc. (NYSE:AVTR) by 54.5% in the 4th quarter, HoldingsChannel reports. The firm owned 486,565 shares of the company’s stock after buying an additional 171,679 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Avantor were worth $5,576,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Avantor

In related news, Director Gregory T. Lucier bought 10,000 shares of Avantor stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $8.32 per share, with a total value of $83,200.00. Following the acquisition, the director directly owned 60,000 shares of the company’s stock, valued at $499,200. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Simon Dingemans purchased 25,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were bought 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 owned 25,000 shares of the company’s stock, valued at approximately $203,500. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.28% of the stock is owned by insiders.

Avantor Price Performance

Avantor stock opened at $9.57 on Wednesday. The firm has a market capitalization of $6.54 billion, a P/E ratio of -11.82, a PEG ratio of 5.63 and a beta of 0.97. Avantor, Inc. has a one year low of $7.26 and a one year high of $15.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.17. The business has a fifty day moving average price of $8.45 and a 200-day moving average price of $9.59.

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

Analyst Ratings Changes

Several brokerages recently weighed in on AVTR. Zacks Research raised Avantor from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Barclays dropped their price objective on shares of Avantor from $8.50 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. Citigroup cut their target price on shares of Avantor from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Wolfe Research downgraded shares of Avantor to an “underperform” rating and set a $7.00 target price for the company. in a research note on Monday, June 1st. Finally, Wall Street Zen lowered shares of Avantor from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $10.57.

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.