MML Investors Services LLC Has $704,000 Stock Position in Avantor, Inc. (NYSE:AVTR)

Posted by Defense World Staff on Mar 6th, 2023

MML Investors Services LLC decreased its stake in Avantor, Inc. (NYSE:AVTR – Get Rating) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,895 shares of the company’s stock after selling 591 shares during the quarter. MML Investors Services LLC’s holdings in Avantor were worth $704,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Gulf International Bank UK Ltd grew its holdings in shares of Avantor by 59.6% during the third quarter. Gulf International Bank UK Ltd now owns 120,535 shares of the company’s stock worth $2,362,000 after purchasing an additional 45,000 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Avantor by 39.1% in the second quarter. Raleigh Capital Management Inc. now owns 8,551 shares of the company’s stock valued at $262,000 after purchasing an additional 2,402 shares in the last quarter. Swiss National Bank raised its position in Avantor by 11.4% in the 2nd quarter. Swiss National Bank now owns 2,645,883 shares of the company’s stock worth $82,287,000 after purchasing an additional 270,100 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Avantor by 20.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 165,997 shares of the company’s stock worth $5,163,000 after purchasing an additional 28,354 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Avantor by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,521 shares of the company’s stock valued at $109,000 after buying an additional 887 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors.

Avantor Trading Up 1.3 %

NYSE AVTR opened at $25.10 on Monday. The firm has a market cap of $16.93 billion, a P/E ratio of 24.61 and a beta of 1.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.05. The stock’s 50-day moving average is $23.06 and its 200-day moving average is $22.23. Avantor, Inc. has a one year low of $17.91 and a one year high of $35.39.

Avantor (NYSE:AVTR – Get Rating) last released its quarterly earnings results on Friday, February 3rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. Avantor had a return on equity of 22.06% and a net margin of 9.14%. Avantor’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Sell-side analysts anticipate that Avantor, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AVTR has been the topic of several research reports. Raymond James upped their price target on Avantor from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. Wells Fargo & Company upped their price target on Avantor from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Robert W. Baird cut their price target on Avantor from $29.00 to $27.00 in a research note on Monday, February 6th. Barclays upped their price target on Avantor from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Avantor in a research note on Tuesday, December 13th. They set a “hold” rating and a $24.00 price target on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.33.

Insider Buying and Selling

In related news, EVP Christophe Couturier sold 3,078 shares of the stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $24.24, for a total transaction of $74,610.72. Following the completion of the transaction, the executive vice president now directly owns 94,370 shares in the company, valued at $2,287,528.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Avantor news, EVP Gerard Brophy sold 11,339 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $25.06, for a total value of $284,155.34. Following the completion of the transaction, the executive vice president now directly owns 102,385 shares in the company, valued at $2,565,768.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christophe Couturier sold 3,078 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $24.24, for a total value of $74,610.72. Following the completion of the transaction, the executive vice president now owns 94,370 shares of the company’s stock, valued at $2,287,528.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Avantor Profile

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Avantor, Inc engages in providing mission critical products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. It sells materials, equipment, instrumentation, and offers specialty procurement. The firm operates through the following segments: the Americas, Europe, and AMEA.