Top 5 Stock Picks of Jacob Doft’s Highline Capital Management

4. Avantor, Inc. (NYSE:AVTR)

Highline Capital Management’s Stake Value: $11,332,000

Percentage of Highline Capital Management’s 13F Portfolio: 9.45%

Number of Hedge Fund Holders: 44

Avantor, Inc. (NYSE:AVTR) is a Pennsylvania-based chemicals and materials company which is one of the top holdings of Highline Capital Management, with the investment firm owning 319,119 shares in the company. The total stake value of Doft’s Highline Capital in Avantor, Inc. (NYSE:AVTR) is $11.3 million, which represents 9.45% of the firm’s Q2 portfolio. Avantor, Inc. (NYSE:AVTR) offers its products and services to the life sciences, advanced technologies, and applied materials industries. 

Avantor, Inc. (NYSE:AVTR) reported Q3 earnings on October 28. The Q3 EPS came in at $0.35, beating estimates by $0.03. Revenue for the quarter was $1.83 billion, missing estimates by -$6.55 million. 

Barclays analyst Luke Sergott on November 1 kept an Overweight rating on Avantor, Inc. (NYSE:AVTR), raising the price target from $43 to $48. The analyst stated that Avantor, Inc. (NYSE:AVTR)’s Q3 results were solid and the underlying business is accelerating.