Northwestern Mutual Wealth Management Co. grew its stake in AptarGroup, Inc. (NYSE:ATR – Free Report) by 30,035.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,211 shares of the industrial products company’s stock after purchasing an additional 135,759 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AptarGroup were worth $15,220,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ATR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of AptarGroup by 28.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,399 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 534 shares during the period. Goldman Sachs Group Inc. grew its position in shares of AptarGroup by 22.2% in the first quarter. Goldman Sachs Group Inc. now owns 88,716 shares of the industrial products company’s stock valued at $13,164,000 after purchasing an additional 16,145 shares during the period. Empowered Funds LLC grew its position in shares of AptarGroup by 31.0% in the first quarter. Empowered Funds LLC now owns 2,835 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 671 shares during the period. Cetera Investment Advisers grew its position in shares of AptarGroup by 29.3% in the second quarter. Cetera Investment Advisers now owns 3,402 shares of the industrial products company’s stock valued at $532,000 after purchasing an additional 770 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of AptarGroup by 534.8% in the second quarter. EverSource Wealth Advisors LLC now owns 565 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Performance
NYSE:ATR opened at $115.10 on Thursday. The company’s 50-day moving average price is $125.02 and its 200-day moving average price is $125.79. The company has a current ratio of 1.66, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a market cap of $7.35 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.69 and a beta of 0.42. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $164.28.
AptarGroup declared that its Board of Directors has approved a share repurchase program on Thursday, February 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
AptarGroup Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 6th. AptarGroup’s dividend payout ratio (DPR) is currently 32.88%.
Insider Buying and Selling
In other AptarGroup news, EVP Irene Elizabeth Hudson sold 1,264 shares of AptarGroup stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $123.43, for a total transaction of $156,015.52. Following the transaction, the executive vice president directly owned 1,480 shares of the company’s stock, valued at $182,676.40. The trade was a 46.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
ATR has been the topic of several research analyst reports. Robert W. Baird set a $156.00 target price on shares of AptarGroup in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a research note on Friday, March 27th. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company raised their price target on shares of AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $173.25.
Check Out Our Latest Research Report on ATR
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.
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