5 Best Healthcare Stocks to Buy According to Greg Martinez’s Parkman Healthcare Partners

3. Avantor, Inc. (NYSE:AVTR)

Parkman Healthcare Partners’ Stake Value: $17,996,000

Percentage of Parkman Healthcare Partners’ 13F Portfolio: 4.55%

Number of Hedge Fund Holders: 53

Avantor, Inc. (NYSE:AVTR) is a global provider of medical equipment, clinical kits, lab and production services, and clinical services to the healthcare, biopharmaceutical, and advanced technologies and applied materials industries. Greg Martinez, as of the third quarter, holds a stake worth approximately $18 million in Avantor, Inc. (NYSE:AVTR), which accounts for 4.55% of his stock portfolio. 

Dan Loeb’s Third Point is the largest Avantor, Inc. (NYSE:AVTR) stakeholder, as of Q3 2021, with 10.8 million shares worth $441.7 million. Overall, 53 hedge funds were bullish on Avantor, Inc. (NYSE:AVTR) in the third quarter, up from 44 funds in the previous quarter. 

Avantor, Inc. (NYSE:AVTR), on October 28, posted its Q3 earnings. EPS for the quarter equaled $0.35, beating estimated EPS by $0.03. Revenue in the period amounted to $1.83 billion, missing estimated revenue by -$6.55 million. 

JPMorgan analyst Tycho Peterson reinstated coverage of Avantor, Inc. (NYSE:AVTR) with an Overweight rating and price target of $55, up from $45 on November 22. According to the analyst, the company has successfully diversified revenues and driven margin expansion with recent acquisitions.