Cornerstone Capital Inc. purchased a new stake in AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 198,775 shares of the industrial products company’s stock, valued at approximately $24,887,000. AptarGroup comprises about 2.2% of Cornerstone Capital Inc.’s portfolio, making the stock its 18th largest holding. Cornerstone Capital Inc. owned approximately 0.31% of AptarGroup as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Canvas Wealth Advisors LLC increased its holdings in shares of AptarGroup by 61.8% in the second quarter. Canvas Wealth Advisors LLC now owns 2,959 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 1,130 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in AptarGroup by 16.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 164,957 shares of the industrial products company’s stock valued at $20,653,000 after buying an additional 23,727 shares in the last quarter. Fulton Bank N.A. increased its stake in AptarGroup by 9.2% in the 2nd quarter. Fulton Bank N.A. now owns 2,939 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 247 shares during the last quarter. Crumly & Associates Inc. raised its holdings in shares of AptarGroup by 12.9% during the 2nd quarter. Crumly & Associates Inc. now owns 2,786 shares of the industrial products company’s stock worth $349,000 after acquiring an additional 318 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in shares of AptarGroup by 1,791.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 435 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 412 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.
AptarGroup Price Performance
Shares of ATR stock opened at $132.00 on Friday. AptarGroup, Inc. has a 52-week low of $103.23 and a 52-week high of $146.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.61. The firm has a market capitalization of $8.39 billion, a P/E ratio of 23.87, a P/E/G ratio of 3.26 and a beta of 0.39. The stock has a 50 day moving average price of $127.47 and a 200 day moving average price of $127.36.
AptarGroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, July 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. AptarGroup’s dividend payout ratio is 34.72%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on ATR shares. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Zacks Research raised AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Bank of America raised AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price objective for the company in a research note on Tuesday, July 14th. Wells Fargo & Company lifted their target price on AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Raymond James Financial restated an “outperform” rating and set a $160.00 price target on shares of AptarGroup in a report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.80.
Insider Buying and Selling
In other AptarGroup news, insider Shiela Vinczeller sold 3,555 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was 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 in the company, valued at $3,049,253.58. This represents a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 9,838 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $136.16, for a total value of $1,339,542.08. Following the sale, the chief executive officer directly owned 238,729 shares in the company, valued at $32,505,340.64. This trade represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,247 shares of company stock valued at $2,935,161 over the last three months. 0.73% of the stock is owned by company insiders.
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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