Empowered Funds LLC purchased a new position in AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,910 shares of the industrial products company’s stock, valued at approximately $990,000.
Several other institutional investors and hedge funds have also modified their holdings of ATR. Geneos Wealth Management Inc. lifted its position in AptarGroup by 214.1% during the first quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock worth $25,000 after buying an additional 137 shares during the period. Rothschild Investment LLC increased its stake in shares of AptarGroup by 231.1% during the 4th 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 last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of AptarGroup in the 3rd quarter valued at $32,000. Silvant Capital Management LLC acquired a new stake in AptarGroup during the second quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of AptarGroup in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Stock Down 0.9%
Shares of NYSE:ATR opened at $127.19 on Friday. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 3.27 and a beta of 0.38. The company has a 50 day moving average of $131.24 and a two-hundred day moving average of $127.52. AptarGroup, Inc. has a 52-week low of $103.23 and a 52-week high of $146.91. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.42.
AptarGroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 30th. AptarGroup’s dividend payout ratio is presently 34.72%.
Insiders Place Their Bets
In related news, CEO Stephan B. Tanda sold 9,838 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $136.16, for a total value of $1,339,542.08. Following the completion of the transaction, the chief executive officer owned 238,729 shares of the company’s stock, valued at approximately $32,505,340.64. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hedi Tlili sold 8,854 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total transaction of $1,195,290.00. Following the transaction, the insider owned 15,379 shares in the company, valued at $2,076,165. This trade represents a 36.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,197 shares of company stock valued at $3,134,828 over the last ninety days. Insiders own 0.73% of the company’s stock.
Wall Street Analysts Forecast Growth
ATR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Raymond James Financial reissued an “outperform” rating and issued a $160.00 target price on shares of AptarGroup in a research note on Wednesday, July 15th. Bank of America upgraded shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company upped their price target on shares of AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $172.80.
Read Our Latest Analysis on AptarGroup
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.
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