Kornitzer Capital Management Inc. KS Has $10.07 Million Stock Holdings in Avantor, Inc. (NYSE:AVTR)

Kornitzer Capital Management Inc. KS lowered its stake in Avantor, Inc. (NYSE:AVTR) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 441,000 shares of the company’s stock after selling 8,073 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.07% of Avantor worth $10,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cannon Global Investment Management LLC bought a new stake in shares of Avantor during the 4th quarter worth approximately $525,000. Xponance Inc. raised its position in Avantor by 3.4% during the fourth quarter. Xponance Inc. now owns 26,254 shares of the company’s stock worth $599,000 after acquiring an additional 858 shares in the last quarter. Federated Hermes Inc. lifted its stake in Avantor by 19.9% in the fourth quarter. Federated Hermes Inc. now owns 628,189 shares of the company’s stock valued at $14,342,000 after acquiring an additional 104,296 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Avantor by 565.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,331 shares of the company’s stock valued at $30,000 after acquiring an additional 1,131 shares during the period. Finally, Steph & Co. grew its position in shares of Avantor by 20.3% in the 4th quarter. Steph & Co. now owns 14,130 shares of the company’s stock valued at $323,000 after acquiring an additional 2,388 shares during the period. Institutional investors own 95.08% of the company’s stock.

Insider Activity at Avantor

In other Avantor news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the sale, the executive vice president now directly owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Robert W. Baird lifted their price target on Avantor from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Royal Bank of Canada boosted their price target on Avantor from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Evercore ISI raised their price objective on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Avantor currently has a consensus rating of “Moderate Buy” and an average price target of $26.71.

Avantor Trading Down 0.8 %

Shares of AVTR stock traded down $0.20 during mid-day trading on Friday, hitting $24.10. The company’s stock had a trading volume of 4,712,589 shares, compared to its average volume of 3,847,822. The company has a market cap of $16.35 billion, a PE ratio of 50.21, a P/E/G ratio of 2.47 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. The company’s fifty day simple moving average is $24.93 and its 200-day simple moving average is $22.46. Avantor, Inc. has a 52 week low of $16.63 and a 52 week high of $26.16.

Avantor (NYSE:AVTR) last issued its earnings results on Wednesday, February 14th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. As a group, equities research analysts expect that Avantor, Inc. will post 1.01 earnings per share for the current fiscal year.

About Avantor

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.