Avantor, Inc. (NYSE:AVTR) Shares Purchased by Banco Santander S.A.

Banco Santander S.A. boosted its position in Avantor, Inc. (NYSE:AVTRGet Rating) by 1,410.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,677 shares of the company’s stock after acquiring an additional 143,502 shares during the quarter. Banco Santander S.A.’s holdings in Avantor were worth $5,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Avantor during the fourth quarter worth about $248,301,000. Canada Pension Plan Investment Board lifted its stake in shares of Avantor by 9.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 24,950,296 shares of the company’s stock worth $1,051,405,000 after purchasing an additional 2,251,340 shares in the last quarter. Robeco Schweiz AG lifted its stake in shares of Avantor by 85.6% during the fourth quarter. Robeco Schweiz AG now owns 4,551,596 shares of the company’s stock worth $191,804,000 after purchasing an additional 2,098,896 shares in the last quarter. Samlyn Capital LLC lifted its stake in shares of Avantor by 106.8% during the fourth quarter. Samlyn Capital LLC now owns 3,515,036 shares of the company’s stock worth $148,124,000 after purchasing an additional 1,815,414 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of Avantor during the first quarter worth about $53,261,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP Frederic Vanderhaegen sold 39,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the transaction, the executive vice president now directly owns 126,764 shares of the company’s stock, valued at approximately $4,007,010.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Avantor news, EVP Gerard Brophy sold 19,603 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $31.27, for a total value of $612,985.81. Following the completion of the sale, the executive vice president now directly owns 96,935 shares in the company, valued at $3,031,157.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frederic Vanderhaegen sold 39,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the sale, the executive vice president now owns 126,764 shares of the company’s stock, valued at $4,007,010.04. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AVTR has been the topic of a number of recent research reports. William Blair restated an “outperform” rating on shares of Avantor in a research note on Friday, April 29th. Morgan Stanley cut their price target on Avantor from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, August 1st. The Goldman Sachs Group cut their price target on Avantor from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Cowen cut their price target on Avantor from $50.00 to $44.00 in a research note on Tuesday, April 19th. Finally, Raymond James cut their price target on Avantor from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.92.

Avantor Price Performance

NYSE:AVTR opened at $28.55 on Friday. The firm has a market capitalization of $19.24 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. The stock has a 50 day moving average of $30.72 and a 200-day moving average of $32.46. Avantor, Inc. has a 52 week low of $27.50 and a 52 week high of $44.37. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt-to-equity ratio of 1.41.

Avantor (NYSE:AVTRGet Rating) last posted its earnings results on Thursday, July 28th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Avantor had a net margin of 8.27% and a return on equity of 27.14%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that Avantor, Inc. will post 1.45 EPS for the current year.

Avantor Profile

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Avantor, Inc provides products and services to customers in 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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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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