Qsemble Capital Management LP Buys New Shares in Avantor, Inc. (NYSE:AVTR)
Qsemble Capital Management LP has purchased a new stake in Avantor, Inc. The institutional investor purchased 41,683 shares of the company's stock, valued at approximately $952,000. Other hedge funds have also added to or reduced their stakes in the company. Several research analysts have recently weighed in on the stock, with a consensus rating of "Moderate Buy" and an average target price of $26.71. Avantor last posted its quarterly earnings data, reporting $0.22 earnings per share for the quarter.
Qsemble Capital Management LP purchased a new stake in Avantor, Inc. (NYSE:AVTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,683 shares of the company's stock, valued at approximately $952,000.
Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its stake 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 acquiring an additional 4,948,951 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Avantor by 56.5% during the 3rd quarter. Invesco Ltd. now owns 6,591,898 shares of the company's stock worth $138,957,000 after acquiring an additional 2,381,154 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Avantor by 65.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,538,995 shares of the company's stock worth $53,522,000 after acquiring an additional 1,005,480 shares in the last quarter. abrdn plc boosted its stake in shares of Avantor by 777.4% during the 4th quarter. abrdn plc now owns 951,775 shares of the company's stock worth $21,729,000 after acquiring an additional 843,298 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Avantor during the 3rd quarter worth about $16,864,000. 95.08% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Avantor from $23.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, April 18th. Robert W. Baird decreased their price target on shares of Avantor from $27.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Avantor from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Citigroup raised their price target on shares of Avantor from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Finally, Raymond James raised their price target on shares of Avantor from $22.50 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Avantor has a consensus rating of "Moderate Buy" and an average target price of $26.71.
Check Out Our Latest Stock Analysis on AVTR
Insider Buying and Selling at Avantor
In other Avantor news, EVP James Bramwell sold 6,203 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the transaction, the executive vice president now owns 101,143 shares of the company's stock, valued at approximately $2,476,992.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.
Avantor Trading Up 0.1 %
Shares of NYSE:AVTR traded up $0.02 during mid-day trading on Friday, reaching $24.79. 4,917,282 shares of the company were exchanged, compared to its average volume of 5,132,145. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.05. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 63.56, a P/E/G ratio of 1.51 and a beta of 1.36. The firm's 50-day simple moving average is $25.10 and its 200 day simple moving average is $22.88. Avantor, Inc. has a 1 year low of $16.63 and a 1 year high of $26.16.
Avantor (NYSE:AVTR - Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. Avantor had a net margin of 3.79% and a return on equity of 13.01%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the company posted $0.29 EPS. The firm's quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that Avantor, Inc. will post 1.01 EPS for the current year.
About Avantor
(Free Report)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.
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