Handelsbanken Fonder AB cut its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 71.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 138,230 shares of the industrial products company’s stock after selling 340,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in AptarGroup were worth $16,859,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC lifted its position in AptarGroup by 17.2% during the 4th quarter. ProShare Advisors LLC now owns 254,024 shares of the industrial products company’s stock worth $30,981,000 after buying an additional 37,217 shares in the last quarter. HighTower Advisors LLC increased its position in AptarGroup by 5.4% in the 4th quarter. HighTower Advisors LLC now owns 14,068 shares of the industrial products company’s stock valued at $1,716,000 after acquiring an additional 717 shares in the last quarter. North Dakota State Investment Board acquired a new stake in AptarGroup in the 4th quarter valued at about $284,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of AptarGroup by 30,035.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,211 shares of the industrial products company’s stock worth $15,220,000 after acquiring an additional 135,759 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of AptarGroup by 3.1% during the fourth quarter. Allworth Financial LP now owns 4,948 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 147 shares in the last quarter. 88.52% of the stock is owned by institutional investors.
AptarGroup Price Performance
ATR opened at $115.10 on Thursday. The company has a fifty day moving average price of $125.02 and a two-hundred day moving average price of $125.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.66. AptarGroup, Inc. has a 52 week low of $103.23 and a 52 week high of $164.28. The firm has a market capitalization of $7.35 billion, a PE ratio of 19.71, a P/E/G ratio of 2.69 and a beta of 0.42.
AptarGroup Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 6th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.92 dividend on an annualized basis and a yield of 1.7%. AptarGroup’s dividend payout ratio (DPR) is 32.88%.
AptarGroup announced that its Board of Directors has approved a stock buyback plan on Thursday, February 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on ATR shares. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Robert W. Baird set a $156.00 price objective on AptarGroup in a research report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research report on Friday, March 27th. Finally, Wells Fargo & Company upped their price target on AptarGroup from $144.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.25.
Read Our Latest Stock Report on AptarGroup
Insider Activity
In other news, EVP Irene Elizabeth Hudson sold 1,264 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $123.43, for a total value of $156,015.52. Following the completion of the sale, the executive vice president directly owned 1,480 shares of the company’s stock, valued at $182,676.40. This represents a 46.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc is a global provider of advanced dispensing, sealing and protection solutions for consumer and pharmaceutical markets. The company designs and manufactures a broad portfolio of products that enable the controlled delivery of liquids, gels, powders and aerosols. Its customer base spans beauty and personal care, home care, food and beverage, and pharmaceutical sectors, where innovation in packaging and drug‐delivery devices drives brand differentiation and regulatory compliance.
In the consumer markets, AptarGroup offers pumps, actuators, valves, closures and specialized bottles engineered for precision, convenience and sustainability.
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