Marble Wealth LLC acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the industrial products company’s stock, valued at approximately $610,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC lifted its stake in shares of AptarGroup by 231.1% during the fourth quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 141 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of AptarGroup during the third quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of AptarGroup during the third quarter worth about $36,000. Quarry LP acquired a new position in shares of AptarGroup during the third quarter worth about $46,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of AptarGroup by 38.5% during the fourth quarter. Salomon & Ludwin LLC now owns 360 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Trading Up 0.2%
NYSE:ATR opened at $112.46 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.66. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $164.28. The business’s 50-day simple moving average is $122.51 and its 200 day simple moving average is $125.68. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.65 and a beta of 0.40.
AptarGroup declared that its board has approved a stock buyback program on Thursday, February 5th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
AptarGroup Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 6th were paid a $0.48 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $1.92 annualized dividend and a dividend yield of 1.7%. AptarGroup’s 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 dated Thursday, May 7th. The stock was sold at an average price of $123.43, for a total value of $156,015.52. Following the transaction, the executive vice president owned 1,480 shares in the company, valued at approximately $182,676.40. The trade was a 46.06% 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. Company insiders own 0.73% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on ATR shares. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Friday, March 27th. Wells Fargo & Company boosted their price objective on AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research upgraded AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Robert W. Baird set a $156.00 price objective on AptarGroup in a research note on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, AptarGroup presently has a consensus rating of “Moderate Buy” and an average target price of $173.25.
Get Our Latest Stock Report on ATR
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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