Point72 Hong Kong Ltd Makes New $223,000 Investment in Avantor Inc (NYSE:AVTR)
Point72 Hong Kong Ltd acquired a new stake in Avantor Inc (NYSE:AVTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,293 shares of the company’s stock, valued at approximately $223,000.
A number of other large investors have also recently bought and sold shares of the business. Islay Capital Management LLC purchased a new position in shares of Avantor during the 4th quarter valued at approximately $92,000. Russell Investments Group Ltd. boosted its stake in Avantor by 3,328.2% during the 4th quarter. Russell Investments Group Ltd. now owns 5,348 shares of the company’s stock valued at $96,000 after acquiring an additional 5,192 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Avantor during the 4th quarter valued at $197,000. Machina Capital S.A.S. acquired a new position in Avantor during the 4th quarter worth $198,000. Finally, Comerica Bank acquired a new position in Avantor during the 4th quarter worth $200,000. 80.39% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on AVTR shares. Barclays cut their target price on shares of Avantor from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James reduced their target price on Avantor from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Wells Fargo & Co began coverage on Avantor in a report on Tuesday, January 7th. They set an “overweight” rating and a $22.00 target price on the stock. Cowen reiterated a “buy” rating and issued a $23.00 target price on shares of Avantor in a research report on Friday, February 7th. Finally, Citigroup lowered their price target on Avantor from $22.00 to $11.00 and set a “buy” rating for the company in a report on Friday, March 20th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.98.
Avantor (NYSE:AVTR) last released its quarterly earnings data on Friday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Research analysts forecast that Avantor Inc will post 0.76 earnings per share for the current year.
In other news, EVP Devashish Ohri sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $17.54, for a total transaction of $350,800.00. Following the completion of the transaction, the executive vice president now owns 177,143 shares of the company’s stock, valued at $3,107,088.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.
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