Burford Brothers Inc. acquired a new position in AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,835 shares of the industrial products company’s stock, valued at approximately $731,000.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in AptarGroup in the 2nd quarter worth about $768,464,000. State Street Corp raised its holdings in shares of AptarGroup by 1.5% during the second quarter. State Street Corp now owns 2,868,365 shares of the industrial products company’s stock valued at $448,698,000 after buying an additional 43,188 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AptarGroup by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,291,454 shares of the industrial products company’s stock valued at $279,466,000 after buying an additional 88,717 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AptarGroup by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,618,896 shares of the industrial products company’s stock worth $197,473,000 after buying an additional 15,197 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of AptarGroup by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,504,473 shares of the industrial products company’s stock worth $189,581,000 after buying an additional 203,672 shares during the period. 88.52% of the stock is currently owned by institutional investors.
AptarGroup Stock Performance
Shares of NYSE ATR opened at $128.24 on Friday. AptarGroup, Inc. has a 1 year low of $103.23 and a 1 year high of $146.91. The firm has a market cap of $8.15 billion, a P/E ratio of 23.19, a PEG ratio of 3.33 and a beta of 0.38. The stock has a fifty day moving average price of $131.22 and a two-hundred day moving average price of $127.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.61.
AptarGroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. AptarGroup’s payout ratio is currently 34.72%.
Insider Buying and Selling at AptarGroup
In other AptarGroup news, CEO Gael Touya sold 3,740 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $133.76, for a total value of $500,262.40. Following the transaction, the chief executive officer owned 29,102 shares of the company’s stock, valued at approximately $3,892,683.52. This represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 8,854 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total value of $1,195,290.00. Following the sale, the insider owned 15,379 shares of the company’s stock, valued at $2,076,165. This trade represents a 36.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,197 shares of company stock valued at $3,134,828 over the last quarter. Company insiders own 0.73% of the company’s stock.
Wall Street Analyst Weigh In
ATR has been the topic of several analyst reports. Raymond James Financial restated an “outperform” rating and issued a $160.00 target price on shares of AptarGroup in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. Finally, Bank of America raised shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price objective for the company in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, AptarGroup presently has an average rating of “Moderate Buy” and an average price target of $172.80.
Check Out Our Latest Report on AptarGroup
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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