Wealth Enhancement Advisory Services LLC Purchases 4,897 Shares of AptarGroup, Inc. $ATR

Wealth Enhancement Advisory Services LLC grew its position in AptarGroup, Inc. (NYSE:ATR) by 41.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,588 shares of the industrial products company’s stock after acquiring an additional 4,897 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AptarGroup were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc lifted its position in AptarGroup by 2.3% during the second quarter. Legal & General Group Plc now owns 142,813 shares of the industrial products company’s stock valued at $22,340,000 after purchasing an additional 3,220 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of AptarGroup during the 2nd quarter valued at about $2,155,000. Inspire Advisors LLC bought a new position in shares of AptarGroup in the 2nd quarter valued at about $864,000. Lido Advisors LLC grew its position in AptarGroup by 1,086.1% in the second quarter. Lido Advisors LLC now owns 60,694 shares of the industrial products company’s stock worth $9,495,000 after acquiring an additional 55,577 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in AptarGroup by 40.2% during the second quarter. Schroder Investment Management Group now owns 440,773 shares of the industrial products company’s stock worth $68,950,000 after acquiring an additional 126,476 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AptarGroup

In other news, CAO Daniel Ackerman sold 15,000 shares of AptarGroup stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $121.23, for a total transaction of $1,818,450.00. Following the completion of the sale, the chief accounting officer owned 29,607 shares of the company’s stock, valued at approximately $3,589,256.61. The trade was a 33.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

ATR has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $133.00 price objective on shares of AptarGroup in a research note on Tuesday, January 6th. Robert W. Baird lowered their price target on AptarGroup from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. William Blair lowered shares of AptarGroup from an “outperform” rating to a “market perform” rating in a research note on Monday, November 3rd. KeyCorp reiterated an “overweight” rating and set a $220.00 price objective on shares of AptarGroup in a research report on Friday, January 9th. Finally, Zacks Research lowered shares of AptarGroup from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of “Hold” and an average price target of $167.50.

AptarGroup Stock Performance

ATR stock opened at $123.81 on Friday. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $164.28. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.39 and a beta of 0.49. The business’s fifty day simple moving average is $122.79 and its two-hundred day simple moving average is $131.05. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.20.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, October 30th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.05. The firm had revenue of $961.13 million during the quarter, compared to analyst estimates of $950.55 million. AptarGroup had a net margin of 11.45% and a return on equity of 15.32%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 earnings per share. Analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 4th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, February 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.6%. AptarGroup’s dividend payout ratio (DPR) is 30.72%.

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.