Bridges Investment Management Inc. Decreases Stock Holdings in AptarGroup, Inc. $ATR

Bridges Investment Management Inc. lessened its holdings in AptarGroup, Inc. (NYSE:ATR) by 27.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,388 shares of the industrial products company’s stock after selling 10,178 shares during the quarter. Bridges Investment Management Inc.’s holdings in AptarGroup were worth $3,527,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ATR. State Street Corp increased its holdings in shares of AptarGroup by 1.5% in the 2nd quarter. State Street Corp now owns 2,868,365 shares of the industrial products company’s stock valued at $448,698,000 after acquiring an additional 43,188 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in AptarGroup by 97.0% in the third quarter. Mawer Investment Management Ltd. now owns 2,759,026 shares of the industrial products company’s stock valued at $368,771,000 after purchasing an additional 1,358,269 shares in the last quarter. Geode Capital Management LLC increased its stake in AptarGroup by 3.7% in the second quarter. Geode Capital Management LLC now owns 1,749,276 shares of the industrial products company’s stock valued at $282,868,000 after purchasing an additional 62,540 shares during the last quarter. Boston Trust Walden Corp raised its holdings in AptarGroup by 16.4% during the third quarter. Boston Trust Walden Corp now owns 1,234,354 shares of the industrial products company’s stock worth $164,984,000 after purchasing an additional 174,084 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of AptarGroup during the 2nd quarter worth approximately $118,182,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $124.62 on Tuesday. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $164.28. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 4.46 and a beta of 0.48. The company has a 50-day simple moving average of $122.92 and a 200-day simple moving average of $130.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 1.19.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 4th will be given 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 of this dividend is Wednesday, February 4th. AptarGroup’s dividend payout ratio (DPR) is presently 30.72%.

Analysts Set New Price Targets

A number of research analysts recently commented on ATR shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $133.00 target price on shares of AptarGroup in a research report on Tuesday, January 6th. William Blair downgraded shares of AptarGroup from an “outperform” rating to a “market perform” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Monday, December 29th. Zacks Research downgraded AptarGroup from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Finally, KeyCorp restated an “overweight” rating and set a $220.00 price target on shares of AptarGroup in a research note on Friday, January 9th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.50.

Insider Buying and Selling at AptarGroup

In other news, CAO Daniel Ackerman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $121.23, for a total value of $1,818,450.00. Following the transaction, the chief accounting officer owned 29,607 shares of the company’s stock, valued at approximately $3,589,256.61. The trade was a 33.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

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.