New Mountain Vantage Advisers L.L.C. Makes New $2.01 Billion Investment in Avantor Inc (NYSE:AVTR)

New Mountain Vantage Advisers L.L.C. bought a new position in shares of Avantor Inc (NYSE:AVTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 110,477,989 shares of the company’s stock, valued at approximately $2,006,526,000. Avantor makes up about 69.6% of New Mountain Vantage Advisers L.L.C.’s holdings, making the stock its biggest holding. New Mountain Vantage Advisers L.L.C. owned 19.42% of Avantor as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. bought a new stake in shares of Avantor in the 2nd quarter worth approximately $374,354,000. Leonard Green & Partners L.P. bought a new stake in shares of Avantor in the 2nd quarter worth approximately $4,773,000. BlueMountain Capital Management LLC bought a new stake in shares of Avantor in the 2nd quarter worth approximately $6,682,000. Redwood Capital Management LLC bought a new stake in shares of Avantor in the 2nd quarter worth approximately $4,295,000. Finally, Diameter Capital Partners LP bought a new stake in shares of Avantor in the 2nd quarter worth approximately $7,636,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

AVTR has been the topic of a number of research reports. Citigroup initiated coverage on shares of Avantor in a report on Tuesday, June 11th. They issued a “buy” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Avantor in a research note on Tuesday, June 11th. They issued an “overweight” rating and a $20.00 price objective for the company. SunTrust Banks initiated coverage on shares of Avantor in a research note on Tuesday, June 11th. They issued a “buy” rating and a $22.00 price objective for the company. Cleveland Research initiated coverage on shares of Avantor in a research note on Friday, August 2nd. They issued a “neutral” rating for the company. Finally, Barclays reiterated a “buy” rating and issued a $22.00 price objective on shares of Avantor in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.81.



Shares of AVTR traded up $0.72 during mid-day trading on Tuesday, reaching $16.02. 69,676 shares of the stock traded hands, compared to its average volume of 1,574,615. The business has a fifty day simple moving average of $16.81. Avantor Inc has a 1 year low of $14.00 and a 1 year high of $19.58.

Avantor (NYSE:AVTR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts forecast that Avantor Inc will post 0.57 earnings per share for the current year.

About Avantor

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.

Featured Article: Buy Rating

Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

Receive News & Ratings for Avantor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantor and related companies with MarketBeat.com's FREE daily email newsletter.