Reinhart Partners LLC. Increases Stake in Avantor, Inc. (NYSE:AVTR)

Reinhart Partners LLC. lifted its stake in shares of Avantor, Inc. (NYSE:AVTR) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,273 shares of the company’s stock after acquiring an additional 20,540 shares during the period. Reinhart Partners LLC. owned 0.08% of Avantor worth $11,615,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings 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 acquiring an additional 88,205 shares during the period. Sound Shore Management Inc. CT purchased a new position in Avantor in the second quarter valued at approximately $76,412,000. Seven Eight Capital LP purchased a new position in Avantor in the second quarter valued at approximately $642,000. New York State Teachers Retirement System purchased a new position in Avantor in the third quarter valued at approximately $8,473,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Avantor by 45.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 723,178 shares of the company’s stock valued at $18,708,000 after buying an additional 227,200 shares during the period. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AVTR shares. UBS Group cut their price target on shares of Avantor from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Robert W. Baird cut their price target on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, October 28th. Barclays lowered their price objective on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Avantor in a research report on Thursday, September 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Avantor has a consensus rating of “Moderate Buy” and a consensus price target of $27.69.

Avantor Stock Up 1.1 %

NYSE:AVTR traded up $0.24 on Monday, hitting $21.90. 2,919,948 shares of the company’s stock traded hands, compared to its average volume of 3,133,666. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.84. Avantor, Inc. has a 1 year low of $19.59 and a 1 year high of $28.00. The firm has a 50-day moving average price of $21.52 and a 200-day moving average price of $23.35. The company has a market cap of $14.91 billion, a PE ratio of 47.61, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28.

About Avantor

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.