Sanctuary Advisors LLC purchased a new position in Avantor, Inc. (NYSE:AVTR – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 63,333 shares of the company’s stock, valued at approximately $627,000.
A number of other hedge funds also recently made changes to their positions in AVTR. EverSource Wealth Advisors LLC lifted its position in shares of Avantor by 119.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,187 shares of the company’s stock worth $29,000 after purchasing an additional 1,189 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in Avantor during the 2nd quarter valued at $32,000. Osaic Holdings Inc. increased its stake in Avantor by 60.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,810 shares of the company’s stock worth $38,000 after buying an additional 1,064 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Avantor during the 4th quarter worth $32,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Avantor in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Avantor Stock Performance
Shares of Avantor stock opened at $14.60 on Friday. The firm has a market cap of $9.87 billion, a PE ratio of -17.38, a price-to-earnings-growth ratio of 11.00 and a beta of 0.89. The firm’s 50-day simple moving average is $12.12 and its 200-day simple moving average is $9.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.18 and a current ratio of 1.78. Avantor, Inc. has a 1 year low of $7.26 and a 1 year high of $15.93.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on AVTR shares. Stifel Nicolaus upped their price objective on shares of Avantor from $8.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Citigroup lifted their target price on Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. UBS Group set a $8.00 price target on Avantor in a report on Wednesday, June 24th. Royal Bank Of Canada raised their price objective on Avantor from $9.00 to $14.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Barclays lifted their price objective on Avantor from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.
View Our Latest Stock Report on AVTR
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.
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