Morgan Stanley acquired a new stake in Avantor Inc (NYSE:AVTR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 670,734 shares of the company’s stock, valued at approximately $12,804,000. Morgan Stanley owned approximately 0.12% of Avantor as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Coastal Investment Advisors Inc. acquired a new stake in shares of Avantor during the second quarter worth approximately $69,000. JPMorgan Chase & Co. acquired a new stake in shares of Avantor during the second quarter worth approximately $103,000. Russell Investments Group Ltd. acquired a new stake in shares of Avantor during the second quarter worth approximately $113,000. FTB Advisors Inc. acquired a new stake in shares of Avantor during the second quarter worth approximately $127,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Avantor during the second quarter worth approximately $179,000. 73.46% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on AVTR. Cleveland Research began coverage on shares of Avantor in a research report on Friday, August 2nd. They set a “neutral” rating for the company. Janney Montgomery Scott reissued a “buy” rating and set a $18.70 price target (down previously from $27.00) on shares of Avantor in a research report on Wednesday, June 26th. Finally, Barclays reissued a “buy” rating and set a $22.00 price target on shares of Avantor in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.81.
Avantor (NYSE:AVTR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Avantor’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that Avantor Inc will post 0.57 EPS for the current year.
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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