Burford Brothers Inc. bought a new position in AptarGroup, Inc. (NYSE:ATR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,835 shares of the industrial products company’s stock, valued at approximately $731,000.
A number of other institutional investors and hedge funds have also modified their holdings of ATR. Rothschild Investment LLC raised its position in AptarGroup by 231.1% during the fourth quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock valued at $25,000 after buying an additional 141 shares during the period. Geneos Wealth Management Inc. grew its stake in AptarGroup by 214.1% during the 1st 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 in the last quarter. Silvant Capital Management LLC purchased a new position in AptarGroup during the 2nd quarter valued at about $30,000. Measured Wealth Private Client Group LLC acquired a new position in shares of AptarGroup in the 3rd quarter valued at about $32,000. Finally, Ameriflex Group Inc. acquired a new position in shares of AptarGroup in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Trading Down 1.6%
NYSE:ATR opened at $128.24 on Friday. The company has a market capitalization of $8.15 billion, a P/E ratio of 23.19, a P/E/G ratio of 3.33 and a beta of 0.38. The stock’s 50 day moving average price is $131.22 and its 200 day moving average price is $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, Inc. has a 52 week low of $103.23 and a 52 week high of $146.91.
AptarGroup Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, July 30th. AptarGroup’s dividend payout ratio (DPR) is 34.72%.
Wall Street Analyst Weigh In
Several research firms recently commented on ATR. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Bank of America upgraded 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. Wells Fargo & Company increased their target price on shares of AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $160.00 price target on shares of AptarGroup in a report on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.80.
Check Out Our Latest Stock Analysis on AptarGroup
Insider Buying and Selling
In other news, insider Shiela Vinczeller sold 765 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $130.37, for a total transaction of $99,733.05. Following the completion of the sale, the insider owned 26,313 shares in the company, valued at approximately $3,430,425.81. This represents a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephan Tanda sold 9,838 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $136.16, for a total value of $1,339,542.08. Following the transaction, the chief executive officer directly owned 238,729 shares in the company, valued at approximately $32,505,340.64. This represents a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,197 shares of company stock worth $3,134,828 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.
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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