5 Best Specialty Chemical Stocks To Buy Now

In this article, we discuss 5 best specialty chemical stocks to buy now. If you want to read our detailed discussion on the specialty chemicals industry, head over to 12 Best Specialty Chemical Stocks To Buy Now.

5. Avantor, Inc. (NYSE:AVTR)

Number of Hedge Fund Holders: 40

Ranked 5th on our list of the best specialty chemical stocks, Avantor, Inc. (NYSE:AVTR) delivers essential products and services to clients within the biopharmaceutical, healthcare, education, government, advanced technologies, and applied materials sectors across the Americas, Europe, Asia, the Middle East, and Africa. The company also offers logistics, glassware autoclaving, chemical and equipment monitoring, and a range of scientific research support services. Established in 1904, Avantor, Inc. (NYSE:AVTR) has its headquarters in Radnor, Pennsylvania.

According to Insider Monkey’s second quarter database, 40 hedge funds were bullish on Avantor, Inc. (NYSE:AVTR), in contrast to the previous quarter when 51 funds had invested in the stock. Michael Kahan and Jeremy Kahan’s North Peak Capital is the largest position holder in the company, with approximately 6.5 million shares worth $133.14 million.

ClearBridge Mid Cap Growth Strategy made the following comment about Avantor, Inc. (NYSE:AVTR) in its Q4 2022 investor letter:

“The health care sector also proved challenging as many of our portfolio companies continued to be plagued by headwinds from the third quarter: extended sales cycles and a drop off in COVID-19 revenues. We took the opportunity to re-evaluate each of our health care holdings and reposition ourselves for greater opportunities. We exited our position in Avantor, Inc. (NYSE:AVTR), provider of mission-critical products and services to customers in the biopharma, healthcare, education and government industries, due to the company’s poor execution in integrating its acquisitions of Ritter GmbH and Masterflex while incurring higher leverage.”