Quantinno Capital Management LP Purchases 762,288 Shares of Avantor, Inc. $AVTR

Quantinno Capital Management LP increased its position in shares of Avantor, Inc. (NYSE:AVTR) by 187.4% during the 1st quarter, Holdings Channel reports. The firm owned 1,169,147 shares of the company’s stock after purchasing an additional 762,288 shares during the quarter. Quantinno Capital Management LP’s holdings in Avantor were worth $9,166,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in Avantor in the 4th quarter valued at about $268,584,000. Morgan Stanley boosted its stake in shares of Avantor by 179.4% in the 4th quarter. Morgan Stanley now owns 17,468,418 shares of the company’s stock worth $200,188,000 after buying an additional 11,216,565 shares during the last quarter. Norges Bank purchased a new position in shares of Avantor in the 4th quarter worth approximately $73,322,000. Bank of America Corp DE grew its holdings in shares of Avantor by 122.0% in the second quarter. Bank of America Corp DE now owns 7,495,095 shares of the company’s stock valued at $100,884,000 after acquiring an additional 4,119,522 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Avantor by 10,725.4% in the second quarter. Corient Private Wealth LLC now owns 3,540,650 shares of the company’s stock valued at $47,657,000 after acquiring an additional 3,507,943 shares in the last quarter. 95.08% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gregory T. Lucier purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $8.32 per share, with a total value of $83,200.00. Following the transaction, the director directly owned 60,000 shares of the company’s stock, valued at approximately $499,200. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AVTR shares. Wall Street Zen upgraded Avantor from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. TD Cowen restated a “hold” rating on shares of Avantor in a research note on Wednesday, July 15th. Stifel Nicolaus raised their target price on Avantor from $8.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Morgan Stanley lifted their target price on Avantor from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of Avantor from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

Avantor Trading Down 0.1%

Shares of AVTR stock opened at $13.65 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.78 and a debt-to-equity ratio of 0.65. The firm has a market cap of $9.24 billion, a P/E ratio of -16.26, a PEG ratio of 10.30 and a beta of 0.89. The company has a 50 day moving average of $10.48 and a 200-day moving average of $9.45. Avantor, Inc. has a 12-month low of $7.26 and a 12-month high of $15.93.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Avantor had a positive return on equity of 9.92% and a negative net margin of 8.81%.The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Avantor’s revenue for the quarter was up .5% on a year-over-year basis. Avantor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts anticipate that Avantor, Inc. will post 0.81 earnings per share for the current year.

Avantor Company 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.