Freestone Grove Partners LP Takes Position in Avantor, Inc. $AVTR

Freestone Grove Partners LP acquired a new position in Avantor, Inc. (NYSE:AVTR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,714,884 shares of the company’s stock, valued at approximately $56,577,000.

A number of other hedge funds have also bought and sold shares of the business. Man Group plc purchased a new position in shares of Avantor during the second quarter valued at approximately $9,806,000. Jupiter Topco LLC purchased a new stake in Avantor in the second quarter worth approximately $3,047,000. ADAR1 Capital Management LLC purchased a new stake in Avantor in the second quarter worth approximately $1,287,000. Hsbc Holdings PLC bought a new stake in Avantor in the 2nd quarter worth approximately $332,000. Finally, EFG International AG purchased a new stake in Avantor during the 2nd quarter valued at $866,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Avantor from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. UBS Group set a $8.00 target price on Avantor in a report on Wednesday, June 24th. Wells Fargo & Company raised their target price on Avantor from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Jefferies Financial Group upgraded Avantor from an “underperform” rating to a “hold” rating and set a $13.00 price target for the company in a research note on Wednesday, July 29th. Finally, Barclays raised their price objective on shares of Avantor from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

Avantor Stock Performance

Shares of AVTR opened at $14.55 on Thursday. 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 business has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $9.71. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of -17.32, a PEG ratio of 10.88 and a beta of 0.89. Avantor, Inc. has a 52 week low of $7.26 and a 52 week high of $15.93.

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