Avantor, Inc. (NYSE:AVTR) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV cut its holdings in Avantor, Inc. (NYSE:AVTR) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,332 shares of the company’s stock after selling 4,200 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Avantor were worth $1,126,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AVTR. Boston Partners boosted its position in shares of Avantor by 21.4% during the 3rd quarter. Boston Partners now owns 28,077,026 shares of the company’s stock worth $588,362,000 after purchasing an additional 4,948,951 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Avantor by 56.5% in the third quarter. Invesco Ltd. now owns 6,591,898 shares of the company’s stock valued at $138,957,000 after purchasing an additional 2,381,154 shares during the period. Public Sector Pension Investment Board boosted its holdings in Avantor by 65.6% during the third quarter. Public Sector Pension Investment Board now owns 2,538,995 shares of the company’s stock worth $53,522,000 after buying an additional 1,005,480 shares in the last quarter. abrdn plc grew its position in Avantor by 777.4% during the fourth quarter. abrdn plc now owns 951,775 shares of the company’s stock worth $21,729,000 after buying an additional 843,298 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Avantor in the third quarter valued at about $16,864,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

Avantor Trading Down 1.3 %

Shares of NYSE AVTR traded down $0.33 during trading on Thursday, hitting $25.13. 6,252,582 shares of the company traded hands, compared to its average volume of 5,709,651. The firm has a market capitalization of $17.05 billion, a P/E ratio of 52.35, a P/E/G ratio of 2.61 and a beta of 1.37. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $25.08 and a 200-day moving average price of $22.59. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $26.16.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AVTR. JPMorgan Chase & Co. boosted their target price on Avantor from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Citigroup increased their price target on shares of Avantor from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. UBS Group lifted their price objective on Avantor from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Evercore ISI upped their target price on Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Raymond James raised their price target on Avantor from $22.50 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Insider Activity

In other news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total transaction of $151,911.47. Following the sale, the executive vice president now directly owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

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.