Dynasty Wealth Management LLC Has $717,000 Stock Holdings in Avantor, Inc. (NYSE:AVTR)

Dynasty Wealth Management LLC decreased its position in shares of Avantor, Inc. (NYSE:AVTR) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,019 shares of the company’s stock after selling 21,251 shares during the period. Dynasty Wealth Management LLC’s holdings in Avantor were worth $717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of Avantor by 34.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 346,822 shares of the company’s stock worth $8,972,000 after purchasing an additional 88,205 shares during the last quarter. Perpetual Ltd increased its position in Avantor by 38.7% during the fourth quarter. Perpetual Ltd now owns 1,766,882 shares of the company’s stock worth $37,228,000 after buying an additional 493,408 shares during the last quarter. New York State Teachers Retirement System bought a new position in Avantor during the third quarter valued at about $8,473,000. Everence Capital Management Inc. acquired a new stake in shares of Avantor in the fourth quarter worth about $555,000. Finally, Rhumbline Advisers boosted its stake in shares of Avantor by 1.8% during the 4th quarter. Rhumbline Advisers now owns 1,922,368 shares of the company’s stock worth $40,504,000 after acquiring an additional 33,692 shares in the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Raymond James reissued an “outperform” rating and issued a $24.00 price objective (down from $26.00) on shares of Avantor in a research note on Monday, February 10th. Morgan Stanley dropped their price target on shares of Avantor from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada decreased their price objective on shares of Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Barclays cut their target price on shares of Avantor from $26.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Avantor Stock Up 1.3 %

Shares of AVTR opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.07. The company has a 50-day simple moving average of $20.51 and a 200-day simple moving average of $22.69. Avantor, Inc. has a 52 week low of $16.41 and a 52 week high of $28.00. The firm has a market capitalization of $11.37 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.55 and a beta of 1.28.

Avantor (NYSE:AVTR) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Avantor had a return on equity of 12.17% and a net margin of 10.49%. During the same period in the previous year, the business posted $0.22 earnings per share. On average, equities research analysts expect that Avantor, Inc. will post 1.06 earnings per share for the current year.

Insider Activity at Avantor

In related news, CAO Steven W. Eck sold 4,907 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $86,019.71. Following the completion of the transaction, the chief accounting officer now owns 40,604 shares of the company’s stock, valued at $711,788.12. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Bramwell sold 3,758 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $17.53, for a total value of $65,877.74. Following the completion of the sale, the executive vice president now owns 87,379 shares in the company, valued at approximately $1,531,753.87. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Avantor Company Profile

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.