SummitTX Capital L.P. Makes New $1.35 Million Investment in AptarGroup, Inc. $ATR

SummitTX Capital L.P. bought a new position in AptarGroup, Inc. (NYSE:ATR) during the 1st quarter, HoldingsChannel reports. The fund bought 10,688 shares of the industrial products company’s stock, valued at approximately $1,347,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in AptarGroup by 231.1% in the 4th quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 141 shares during the last quarter. Geneos Wealth Management Inc. boosted 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 purchasing an additional 137 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of AptarGroup in the 3rd quarter worth $32,000. Ameriflex Group Inc. bought a new stake in shares of AptarGroup in the 4th quarter worth $35,000. Finally, Whittier Trust Co. raised its stake in shares of AptarGroup by 169.5% in the first quarter. Whittier Trust Co. now owns 283 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $136.19 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $8.69 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39. The firm’s 50 day moving average price is $122.68 and its 200-day moving average price is $126.56. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $158.93.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, April 30th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. AptarGroup had a net margin of 9.98% and a return on equity of 13.98%. The company had revenue of $982.87 million during the quarter, compared to analyst estimates of $955.95 million. During the same period in the previous year, the business posted $1.20 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts expect that AptarGroup, Inc. will post 5.41 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, July 30th. AptarGroup’s dividend payout ratio (DPR) is currently 32.88%.

Insiders Place Their Bets

In other news, insider Shiela Vinczeller sold 3,555 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $112.61, for a total transaction of $400,328.55. Following the completion of the sale, the insider owned 27,078 shares of the company’s stock, valued at $3,049,253.58. The trade was a 11.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Irene Elizabeth Hudson sold 1,264 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $123.43, for a total value of $156,015.52. Following the completion of the sale, the executive vice president owned 1,480 shares of the company’s stock, valued at $182,676.40. This trade represents a 46.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 price target on shares of AptarGroup in a report on Wednesday, July 15th. Wells Fargo & Company boosted their target price on AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. 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 report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, AptarGroup has an average rating of “Moderate Buy” and a consensus price target of $170.80.

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.