Nwam LLC purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,854 shares of the industrial products company’s stock, valued at approximately $864,000.
Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its stake in AptarGroup by 1.5% in the 2nd quarter. State Street Corp now owns 2,868,365 shares of the industrial products company’s stock valued at $448,698,000 after buying an additional 43,188 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of AptarGroup by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,291,454 shares of the industrial products company’s stock valued at $279,466,000 after acquiring an additional 88,717 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AptarGroup by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,618,896 shares of the industrial products company’s stock valued at $197,473,000 after acquiring an additional 15,197 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of AptarGroup by 14.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,414,719 shares of the industrial products company’s stock worth $172,539,000 after acquiring an additional 180,365 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of AptarGroup by 35.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,300,801 shares of the industrial products company’s stock worth $158,649,000 after acquiring an additional 341,440 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.
AptarGroup Stock Up 4.5%
ATR stock opened at $134.93 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $119.98 and its 200 day moving average price is $125.92. AptarGroup, Inc. has a 52 week low of $103.23 and a 52 week high of $164.28. The company has a market cap of $8.61 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.22 and a beta of 0.39.
AptarGroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, July 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.92 annualized dividend and a yield of 1.4%. AptarGroup’s payout ratio is currently 32.88%.
Insider Buying and Selling at AptarGroup
In other AptarGroup news, insider Shiela Vinczeller sold 3,555 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $112.61, for a total transaction of $400,328.55. Following the sale, the insider directly owned 27,078 shares in the company, valued at approximately $3,049,253.58. The trade was a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Irene Elizabeth Hudson sold 1,264 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were 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 in the company, valued at $182,676.40. This trade represents a 46.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Bank of America upgraded shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price objective for the company in a research report on Tuesday. Zacks Research raised 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. Wells Fargo & Company lifted 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. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 price objective on shares of AptarGroup in a report on Wednesday. Five research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.80.
Read Our Latest Stock Report on AptarGroup
About AptarGroup
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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