London Co. of Virginia trimmed its position in AptarGroup, Inc. (NYSE:ATR – Free Report) by 8.9% during the first quarter, HoldingsChannel.com reports. The fund owned 828,780 shares of the industrial products company’s stock after selling 81,371 shares during the period. London Co. of Virginia’s holdings in AptarGroup were worth $104,443,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dempze Nancy E boosted its stake in AptarGroup by 5.2% during the 1st quarter. Dempze Nancy E now owns 25,202 shares of the industrial products company’s stock worth $3,176,000 after acquiring an additional 1,240 shares during the last quarter. Renaissance Technologies LLC increased its stake in AptarGroup by 20.3% in the first quarter. Renaissance Technologies LLC now owns 172,800 shares of the industrial products company’s stock valued at $21,776,000 after purchasing an additional 29,200 shares in the last quarter. Inceptionr LLC bought a new stake in AptarGroup in the first quarter valued at approximately $290,000. Sei Investments Co. raised its holdings in AptarGroup by 9.2% in the first quarter. Sei Investments Co. now owns 91,544 shares of the industrial products company’s stock worth $11,536,000 after purchasing an additional 7,701 shares during the period. Finally, State of Wyoming raised its holdings in AptarGroup by 4.5% in the first quarter. State of Wyoming now owns 2,252 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 98 shares during the period. Institutional investors own 88.52% of the company’s stock.
AptarGroup Stock Performance
Shares of ATR stock opened at $132.29 on Friday. 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 52 week low of $103.23 and a 52 week high of $163.09. The company’s 50 day moving average price is $121.42 and its two-hundred day moving average price is $126.22. The company has a market capitalization of $8.44 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 3.30 and a beta of 0.39.
AptarGroup Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, July 30th. AptarGroup’s dividend payout ratio is 32.88%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on ATR shares. Bank of America raised shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target on the stock in a research report on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating and issued a $160.00 price objective on shares of AptarGroup in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. Wells Fargo & Company lifted their target price on AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research raised AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.80.
Read Our Latest Stock Analysis on AptarGroup
Insider Activity
In related news, EVP Irene Elizabeth Hudson sold 1,264 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $123.43, for a total transaction of $156,015.52. Following the completion of the transaction, the executive vice president directly owned 1,480 shares in the company, valued at approximately $182,676.40. This trade represents a 46.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shiela Vinczeller sold 3,555 shares of AptarGroup stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $112.61, for a total value of $400,328.55. Following the completion of the sale, the insider directly owned 27,078 shares in the company, valued at approximately $3,049,253.58. This represents a 11.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.73% of the company’s stock.
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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