Intech Investment Management LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,553 shares of the industrial products company’s stock, valued at approximately $1,678,000.
Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in AptarGroup in the third quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AptarGroup by 534.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 565 shares of the industrial products company’s stock valued at $88,000 after buying an additional 476 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AptarGroup by 135.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 747 shares of the industrial products company’s stock worth $117,000 after buying an additional 430 shares during the last quarter. Osaic Holdings Inc. grew its holdings in AptarGroup by 248.2% during the second quarter. Osaic Holdings Inc. now owns 759 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 541 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in AptarGroup by 1,061.6% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 848 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 775 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Stock Down 1.7%
ATR opened at $134.70 on Friday. The company has a market cap of $8.67 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 5.16 and a beta of 0.46. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $164.28. The company has a 50-day moving average price of $130.84 and a 200 day moving average price of $128.97. The company has a quick ratio of 1.16, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.
AptarGroup Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 4th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 4th. AptarGroup’s dividend payout ratio is currently 32.60%.
AptarGroup declared that its Board of Directors has authorized a stock buyback program on Thursday, February 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ATR. Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a report on Monday, December 29th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $133.00 target price on shares of AptarGroup in a report on Tuesday, January 6th. Zacks Research cut shares of AptarGroup from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. KeyCorp restated an “overweight” rating and set a $220.00 price target on shares of AptarGroup in a research report on Friday, January 9th. Finally, Robert W. Baird set a $156.00 price objective on shares of AptarGroup in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.25.
Get Our Latest Stock Analysis on ATR
Insiders Place Their Bets
In other news, CAO Daniel Ackerman sold 15,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $121.23, for a total value of $1,818,450.00. Following the completion of the sale, the chief accounting officer directly owned 29,607 shares in the company, valued at $3,589,256.61. This represents a 33.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gael Touya sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $141.35, for a total transaction of $494,725.00. Following the transaction, the insider owned 27,963 shares in the company, valued at $3,952,570.05. The trade was a 11.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.68% of the company’s stock.
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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