UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 6.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 178,428 shares of the industrial products company’s stock after selling 12,101 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AptarGroup were worth $22,339,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Rothschild Investment LLC grew its holdings in AptarGroup by 231.1% during the 4th quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 141 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of AptarGroup by 214.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Silvant Capital Management LLC acquired a new position in shares of AptarGroup in the second quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new position in AptarGroup in the 3rd quarter worth $32,000. Finally, Ameriflex Group Inc. acquired a new stake in AptarGroup in the 4th quarter valued at approximately $35,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.
AptarGroup Trading Down 0.9%
Shares of ATR stock opened at $127.19 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. AptarGroup, Inc. has a 1-year low of $103.23 and a 1-year high of $146.91. The stock has a 50-day moving average of $131.24 and a 200-day moving average of $127.52. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.27 and a beta of 0.38.
AptarGroup Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were paid a $0.48 dividend. The ex-dividend date was Thursday, July 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. AptarGroup’s dividend payout ratio is presently 34.72%.
Insider Activity
In related news, insider Hedi Tlili sold 8,854 shares of AptarGroup stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total value of $1,195,290.00. Following the sale, the insider owned 15,379 shares of the company’s stock, valued at approximately $2,076,165. The trade was a 36.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gael Touya sold 3,740 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $133.76, for a total value of $500,262.40. Following the completion of the sale, the chief executive officer owned 29,102 shares in the company, valued at $3,892,683.52. This represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 23,197 shares of company stock worth $3,134,828. Corporate insiders own 0.73% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on ATR. Wells Fargo & Company increased their price target on AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research note 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 report on Wednesday, July 15th. Finally, Bank of America upgraded AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target on the stock in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.80.
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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