Wedbush Securities Inc. boosted its holdings in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 180.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,844 shares of the industrial products company’s stock after purchasing an additional 7,627 shares during the period. Wedbush Securities Inc.’s holdings in AptarGroup were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. Rothschild Investment LLC grew its position 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 purchasing an additional 141 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of AptarGroup by 214.1% in 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 last quarter. Silvant Capital Management LLC purchased a new stake in shares of AptarGroup in the second quarter worth about $30,000. Measured Wealth Private Client Group LLC acquired a new stake in AptarGroup during the third quarter worth about $32,000. Finally, Ameriflex Group Inc. acquired a new stake in AptarGroup during the fourth quarter worth about $35,000. 88.52% of the stock is owned by hedge funds and other institutional investors.
AptarGroup Stock Down 1.0%
Shares of NYSE ATR opened at $131.71 on Tuesday. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.39. The company’s 50-day simple moving average is $130.85 and its 200-day simple moving average is $127.76. 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, Inc. has a 52-week low of $103.23 and a 52-week high of $146.91.
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 given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 30th. AptarGroup’s dividend payout ratio (DPR) is 34.72%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on ATR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Wells Fargo & Company raised their price objective on shares of AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 target price on shares of AptarGroup in a report on Wednesday, July 15th. Finally, Bank of America upgraded shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price for the company in a research note on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.80.
Read Our Latest Stock Report on ATR
Insider Transactions at AptarGroup
In other AptarGroup news, insider Hedi Tlili sold 8,854 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $135.00, for a total value of $1,195,290.00. Following the transaction, the insider owned 15,379 shares in the company, valued at approximately $2,076,165. This trade represents a 36.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 9,838 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $136.16, for a total value of $1,339,542.08. Following the completion of the sale, the chief executive officer directly owned 238,729 shares of the company’s stock, valued at approximately $32,505,340.64. This represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 25,987 shares of company stock valued at $3,435,423. Insiders own 0.73% of the company’s stock.
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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