Maverick Capital Ltd. Takes Position in Avantor, Inc. $AVTR

Maverick Capital Ltd. bought a new position in Avantor, Inc. (NYSE:AVTR) during the 1st quarter, HoldingsChannel reports. The fund bought 100,814 shares of the company’s stock, valued at approximately $790,000.

Several other institutional investors have also added to or reduced their stakes in the company. Private Management Group Inc. boosted its holdings in shares of Avantor by 50.4% during the fourth quarter. Private Management Group Inc. now owns 2,456,859 shares of the company’s stock worth $28,156,000 after purchasing an additional 823,572 shares during the period. Brickwood Asset Management LLP increased its holdings in Avantor by 6,891.9% during the 4th quarter. Brickwood Asset Management LLP now owns 3,184,043 shares of the company’s stock valued at $36,489,000 after purchasing an additional 3,138,504 shares during the period. SG Americas Securities LLC increased its holdings in Avantor by 209.5% during the 4th quarter. SG Americas Securities LLC now owns 401,969 shares of the company’s stock valued at $4,607,000 after purchasing an additional 272,093 shares during the period. Agman Capital LLC bought a new position in Avantor during the 4th quarter valued at approximately $3,915,000. Finally, Thornburg Investment Management Inc. raised its position in Avantor by 29.4% during the 4th quarter. Thornburg Investment Management Inc. now owns 576,959 shares of the company’s stock valued at $6,612,000 after purchasing an additional 131,186 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analyst Upgrades and Downgrades

AVTR has been the topic of a number of recent analyst reports. Evercore set a $10.50 price objective on Avantor in a research report on Monday, July 6th. Wolfe Research downgraded Avantor to an “underperform” rating and set a $7.00 target price for the company. in a report on Monday, June 1st. Citigroup raised their price target on Avantor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. UBS Group set a $8.00 price target on Avantor in a research note on Wednesday, June 24th. Finally, Barclays lifted their price target on shares of Avantor from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.62.

Avantor Stock Performance

Avantor stock opened at $12.44 on Wednesday. The stock’s 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.76. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of -15.35, a PEG ratio of 6.55 and a beta of 0.94. Avantor, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $15.93.

Avantor (NYSE:AVTR) last posted its earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Avantor had a positive return on equity of 9.95% and a negative net margin of 8.42%.The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts expect that Avantor, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Simon Dingemans purchased 25,000 shares of Avantor stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $8.14 per share, with a total value of $203,500.00. Following the completion of the purchase, the director directly owned 25,000 shares in the company, valued at approximately $203,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory T. Lucier acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $8.32 per share, with a total value of $83,200.00. Following the acquisition, the director owned 60,000 shares of the company’s stock, valued at $499,200. This represents a 20.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

About Avantor

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.