CANADA LIFE ASSURANCE Co Boosts Holdings in AptarGroup, Inc. (NYSE:ATR)

CANADA LIFE ASSURANCE Co grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,802 shares of the industrial products company’s stock after acquiring an additional 1,348 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.11% of AptarGroup worth $10,044,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp increased its stake in shares of AptarGroup by 1.5% in the fourth quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company’s stock worth $177,820,000 after buying an additional 21,545 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of AptarGroup by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,077,577 shares of the industrial products company’s stock worth $155,053,000 after buying an additional 5,089 shares during the period. Norges Bank purchased a new position in shares of AptarGroup in the fourth quarter worth $89,855,000. Dimensional Fund Advisors LP increased its stake in shares of AptarGroup by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 666,510 shares of the industrial products company’s stock worth $82,398,000 after buying an additional 8,534 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of AptarGroup by 19.6% in the fourth quarter. Federated Hermes Inc. now owns 587,640 shares of the industrial products company’s stock worth $72,644,000 after buying an additional 96,227 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Performance

Shares of ATR stock opened at $141.54 on Friday. AptarGroup, Inc. has a 12 month low of $118.74 and a 12 month high of $151.73. The stock has a market cap of $9.38 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.18 and a beta of 0.57. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $145.07 and its 200-day moving average price is $140.94.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The firm had revenue of $910.10 million for the quarter, compared to analysts’ expectations of $930.15 million. During the same quarter in the previous year, the business posted $1.23 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts expect that AptarGroup, Inc. will post 5.35 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s payout ratio is 35.19%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Robert W. Baird lifted their price target on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th.

Insider Activity

In other news, insider Hedi Tlili sold 4,634 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total transaction of $672,347.06. Following the sale, the insider now owns 9,379 shares in the company, valued at approximately $1,360,799.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the completion of the transaction, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,360,799.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the transaction, the executive vice president now directly owns 8,812 shares of the company’s stock, valued at approximately $1,293,337.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,659 shares of company stock worth $1,269,976. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.