Quantbot Technologies LP acquired a new stake in AptarGroup, Inc. (NYSE:ATR – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 27,795 shares of the industrial products company’s stock, valued at approximately $3,480,000.
A number of other hedge funds have also made changes to their positions in ATR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in AptarGroup by 28.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,399 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 534 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of AptarGroup by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 88,716 shares of the industrial products company’s stock worth $13,164,000 after buying an additional 16,145 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of AptarGroup by 31.0% in the first quarter. Empowered Funds LLC now owns 2,835 shares of the industrial products company’s stock valued at $421,000 after buying an additional 671 shares during the period. Cetera Investment Advisers lifted its holdings in shares of AptarGroup by 29.3% in the second quarter. Cetera Investment Advisers now owns 3,402 shares of the industrial products company’s stock valued at $532,000 after buying an additional 770 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in AptarGroup by 135.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 747 shares of the industrial products company’s stock valued at $117,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Performance
Shares of ATR opened at $134.51 on Monday. The company has a 50-day moving average of $129.20 and a two-hundred day moving average of $127.66. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.32 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.10. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $146.91.
AptarGroup Dividend Announcement
The firm 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 1.4%. The ex-dividend date of this dividend was Thursday, July 30th. AptarGroup’s dividend payout ratio (DPR) is 34.72%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Zacks Research raised AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company lifted 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. Bank of America raised shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price objective on the stock in a research note on Tuesday, July 14th. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price on shares of AptarGroup in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $172.80.
Get Our Latest Research Report on ATR
Insider Transactions at AptarGroup
In other news, insider Hedi Tlili sold 8,854 shares of the company’s 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 transaction, the insider directly owned 15,379 shares of the company’s stock, valued at approximately $2,076,165. This represents a 36.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shiela Vinczeller sold 3,555 shares of AptarGroup stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $112.61, for a total value of $400,328.55. Following the sale, the insider owned 27,078 shares of the company’s stock, valued at approximately $3,049,253.58. This represents a 11.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,247 shares of company stock valued at $2,935,161 over the last quarter. Company insiders own 0.73% of the company’s stock.
AptarGroup 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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