AptarGroup, Inc. $ATR Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in AptarGroup, Inc. (NYSE:ATR) by 23.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,555 shares of the industrial products company’s stock after buying an additional 7,712 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of AptarGroup worth $5,421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ATR. Norges Bank purchased a new position in AptarGroup in the second quarter worth $118,182,000. AQR Capital Management LLC grew its stake in shares of AptarGroup by 136.0% during the 2nd quarter. AQR Capital Management LLC now owns 405,066 shares of the industrial products company’s stock worth $62,769,000 after purchasing an additional 233,445 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of AptarGroup by 183.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 327,607 shares of the industrial products company’s stock valued at $51,248,000 after purchasing an additional 212,184 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of AptarGroup by 16.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,400,757 shares of the industrial products company’s stock valued at $219,120,000 after purchasing an additional 197,214 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of AptarGroup by 16.4% in the third quarter. Boston Trust Walden Corp now owns 1,234,354 shares of the industrial products company’s stock valued at $164,984,000 after purchasing an additional 174,084 shares during the period. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AptarGroup

In related news, CAO Daniel Ackerman sold 15,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $121.23, for a total transaction of $1,818,450.00. Following the sale, the chief accounting officer owned 29,607 shares of the company’s stock, valued at $3,589,256.61. This trade represents a 33.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Zacks Research lowered shares of AptarGroup from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Robert W. Baird decreased their price target on AptarGroup from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company restated an “equal weight” rating and issued a $133.00 price target on shares of AptarGroup in a report on Tuesday, January 6th. William Blair downgraded AptarGroup from an “outperform” rating to a “market perform” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $167.50.

AptarGroup Trading Down 0.8%

Shares of ATR opened at $123.74 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.19 and a quick ratio of 0.82. AptarGroup, Inc. has a 1-year low of $103.23 and a 1-year high of $164.28. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.49. The firm has a 50 day simple moving average of $122.69 and a 200-day simple moving average of $131.10.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, October 30th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.05. The firm had revenue of $961.13 million for the quarter, compared to analyst estimates of $950.55 million. AptarGroup had a return on equity of 15.32% and a net margin of 11.45%.AptarGroup’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. Equities analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 4th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, February 4th. AptarGroup’s dividend payout ratio is currently 30.72%.

About AptarGroup

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.