Bridges Investment Management Inc. cut its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 44.0% during the 4th quarter, Holdings Channel reports. The firm owned 14,767 shares of the industrial products company’s stock after selling 11,621 shares during the period. Bridges Investment Management Inc.’s holdings in AptarGroup were worth $1,801,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in AptarGroup during the 4th quarter worth $91,097,000. First Trust Advisors LP increased its stake in AptarGroup by 218.1% during the 3rd quarter. First Trust Advisors LP now owns 372,369 shares of the industrial products company’s stock worth $49,771,000 after buying an additional 255,291 shares during the period. AQR Capital Management LLC increased its stake in AptarGroup by 136.0% during the 2nd quarter. AQR Capital Management LLC now owns 405,066 shares of the industrial products company’s stock worth $62,769,000 after buying an additional 233,445 shares during the period. Ameriprise Financial Inc. increased its stake in AptarGroup by 183.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 327,607 shares of the industrial products company’s stock worth $51,248,000 after buying an additional 212,184 shares during the period. Finally, Boston Trust Walden Corp increased its stake in AptarGroup by 14.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,414,719 shares of the industrial products company’s stock worth $172,539,000 after buying an additional 180,365 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.
AptarGroup Stock Up 0.2%
NYSE ATR opened at $112.46 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.14. The company’s 50 day simple moving average is $122.51 and its 200 day simple moving average is $125.68. AptarGroup, Inc. has a 12 month low of $103.23 and a 12 month high of $164.28. The company has a market capitalization of $7.18 billion, a P/E ratio of 19.26, a PEG ratio of 2.65 and a beta of 0.40.
AptarGroup announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
AptarGroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 6th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, May 6th. This represents a $1.92 annualized dividend and a dividend yield of 1.7%. AptarGroup’s dividend payout ratio is 32.88%.
Insider Activity at AptarGroup
In related news, EVP Irene Elizabeth Hudson sold 1,264 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was 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 approximately $182,676.40. The trade was a 46.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have weighed in on ATR. Robert W. Baird set a $156.00 price objective on shares of AptarGroup in a report on Monday, February 9th. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company raised their price objective on shares of AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, AptarGroup currently has an average rating of “Moderate Buy” and an average target price of $173.25.
Read Our Latest Research Report on ATR
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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