Quantinno Capital Management LP lifted its position in AptarGroup, Inc. (NYSE:ATR – Free Report) by 562.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 348,929 shares of the industrial products company’s stock after buying an additional 296,282 shares during the period. Quantinno Capital Management LP’s holdings in AptarGroup were worth $43,972,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of ATR. Rothschild Investment LLC lifted its holdings 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 buying an additional 141 shares during the period. Geneos Wealth Management Inc. grew its holdings 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 acquiring an additional 137 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in AptarGroup in the third quarter worth about $32,000. Ameriflex Group Inc. bought a new stake in AptarGroup in the fourth quarter worth about $35,000. Finally, Whittier Trust Co. raised its position in AptarGroup by 169.5% in the first quarter. Whittier Trust Co. now owns 283 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of AptarGroup from $144.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Raymond James Financial restated an “outperform” rating and issued a $160.00 price target on shares of AptarGroup in a research report on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AptarGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.80.
Insider Activity
In related news, EVP Irene Elizabeth Hudson sold 1,264 shares of the company’s stock in a transaction that occurred 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 owned 1,480 shares in the company, valued at approximately $182,676.40. This represents a 46.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shiela Vinczeller sold 3,555 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 27,078 shares of the company’s stock, valued at $3,049,253.58. This represents a 11.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.73% of the company’s stock.
AptarGroup Stock Down 1.2%
Shares of AptarGroup stock opened at $136.19 on Thursday. AptarGroup, Inc. has a 12-month low of $103.23 and a 12-month high of $158.93. The firm has a market capitalization of $8.69 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $122.68 and its 200-day moving average is $126.56.
AptarGroup (NYSE:ATR – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $982.87 million during the quarter, compared to analyst estimates of $955.95 million. AptarGroup had a return on equity of 13.98% and a net margin of 9.98%.AptarGroup’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. Equities analysts anticipate that AptarGroup, Inc. will post 5.41 earnings per share for the current year.
AptarGroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. AptarGroup’s dividend payout ratio is currently 32.88%.
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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