Nuance Investments LLC bought a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 183,170 shares of the industrial products company’s stock, valued at approximately $22,933,000. AptarGroup makes up approximately 3.9% of Nuance Investments LLC’s holdings, making the stock its 7th biggest position.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC grew 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 acquiring an additional 141 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of AptarGroup by 214.1% during the first quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in AptarGroup during the third quarter worth $32,000. Ameriflex Group Inc. bought a new stake in AptarGroup during the fourth quarter worth $35,000. Finally, Whittier Trust Co. boosted 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 purchasing an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Stock Down 0.2%
ATR stock opened at $131.79 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.61. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.25 and a beta of 0.39. AptarGroup, Inc. has a fifty-two week low of $103.23 and a fifty-two week high of $146.91. The stock has a fifty day moving average of $127.86 and a 200-day moving average of $127.41.
AptarGroup Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 30th. AptarGroup’s dividend payout ratio (DPR) is presently 34.72%.
Insider Activity
In other news, insider Hedi Tlili sold 8,854 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $135.00, for a total transaction of $1,195,290.00. Following the sale, the insider directly owned 15,379 shares in the company, valued at $2,076,165. This represents a 36.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephan B. Tanda sold 9,838 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $136.16, for a total transaction of $1,339,542.08. Following the completion of the sale, the chief executive officer directly owned 238,729 shares in the company, valued at approximately $32,505,340.64. The trade was a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,247 shares of company stock worth $2,935,161. 0.73% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on ATR shares. Zacks Research upgraded AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Raymond James Financial reiterated an “outperform” rating and set a $160.00 target price on shares of AptarGroup in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price target on shares of AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Bank of America upgraded shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, AptarGroup has an average 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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