Lightrock Netherlands B.V. Has $2.58 Million Stock Position in Avantor, Inc. $AVTR

Lightrock Netherlands B.V. lifted its stake in shares of Avantor, Inc. (NYSE:AVTR) by 22.9% during the first quarter, Holdings Channel.com reports. The firm owned 328,626 shares of the company’s stock after acquiring an additional 61,158 shares during the period. Lightrock Netherlands B.V.’s holdings in Avantor were worth $2,576,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Greenhaven Associates Inc. boosted its holdings in Avantor by 12.0% in the fourth quarter. Greenhaven Associates Inc. now owns 20,500,653 shares of the company’s stock worth $234,937,000 after acquiring an additional 2,189,083 shares in the last quarter. Private Management Group Inc. increased its holdings in shares of Avantor by 50.4% during the fourth quarter. Private Management Group Inc. now owns 2,456,859 shares of the company’s stock valued at $28,156,000 after acquiring an additional 823,572 shares in the last quarter. Brickwood Asset Management LLP increased its holdings in shares of Avantor by 6,891.9% during the fourth quarter. Brickwood Asset Management LLP now owns 3,184,043 shares of the company’s stock valued at $36,489,000 after acquiring an additional 3,138,504 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Avantor during the fourth quarter worth approximately $41,490,000. Finally, SG Americas Securities LLC raised its position in shares of Avantor by 209.5% during the fourth quarter. SG Americas Securities LLC now owns 401,969 shares of the company’s stock worth $4,607,000 after purchasing an additional 272,093 shares during the period. 95.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVTR has been the topic of a number of recent research reports. Zacks Research upgraded Avantor from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Barclays boosted their price target on shares of Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Citigroup upped their price objective on shares of Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of Avantor from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Wolfe Research cut shares of Avantor to an “underperform” rating and set a $7.00 price objective for the company. in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $10.62.

Insider Activity

In other news, Director Simon Dingemans bought 25,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $8.14 per share, with a total value of $203,500.00. Following the transaction, the director directly owned 25,000 shares in the company, valued at $203,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory T. Lucier bought 10,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $8.32 per share, for a total transaction of $83,200.00. Following the transaction, the director owned 60,000 shares in the company, valued at approximately $499,200. This represents a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.28% of the company’s stock.

Avantor Stock Performance

Shares of AVTR stock opened at $11.29 on Friday. 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 firm has a 50-day moving average of $9.34 and a 200-day moving average of $9.41. Avantor, Inc. has a one year low of $7.26 and a one year high of $15.93. The company has a market cap of $7.71 billion, a P/E ratio of -13.94, a P/E/G ratio of 6.24 and a beta of 0.94.

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

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.