PNC Financial Services Group Inc. Raises Stake in AptarGroup, Inc. $ATR

PNC Financial Services Group Inc. boosted its stake in AptarGroup, Inc. (NYSE:ATR) by 75.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,398 shares of the industrial products company’s stock after purchasing an additional 7,064 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AptarGroup were worth $2,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC boosted its position in shares of AptarGroup by 231.1% in the fourth quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 141 shares during the period. Geneos Wealth Management Inc. lifted its stake in AptarGroup by 214.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 137 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in AptarGroup in the 3rd quarter valued at $32,000. Ameriflex Group Inc. bought a new position in AptarGroup in the 4th quarter valued at $35,000. Finally, Whittier Trust Co. grew its position in shares of AptarGroup by 169.5% during the 1st quarter. Whittier Trust Co. now owns 283 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 178 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATR has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Raymond James Financial restated an “outperform” rating and set a $160.00 price objective on shares of AptarGroup in a research report on Wednesday, July 15th. Finally, Bank of America upgraded shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price for the company in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.80.

AptarGroup Stock Performance

AptarGroup stock opened at $136.19 on Thursday. The firm has a fifty day simple moving average of $122.68 and a two-hundred day simple moving average of $126.56. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $158.93. The company has a market capitalization of $8.69 billion, a PE ratio of 23.32, a P/E/G ratio of 3.44 and a beta of 0.39.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $982.87 million for the quarter, compared to analysts’ expectations of $955.95 million. AptarGroup had a return on equity of 13.98% and a net margin of 9.98%.The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. Research analysts expect that AptarGroup, Inc. will post 5.41 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, July 30th. AptarGroup’s payout ratio is 32.88%.

Insider Buying and Selling

In other news, insider Shiela Vinczeller sold 3,555 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $112.61, for a total value of $400,328.55. Following the transaction, the insider owned 27,078 shares in the company, valued at approximately $3,049,253.58. This trade represents a 11.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Irene Elizabeth Hudson sold 1,264 shares of AptarGroup stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $123.43, for a total transaction of $156,015.52. Following the completion of the transaction, the executive vice president directly owned 1,480 shares in the company, valued at approximately $182,676.40. The trade was a 46.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.73% of the stock is owned by insiders.

AptarGroup 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.