Elefante Mark B purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,327 shares of the industrial products company’s stock, valued at approximately $4,924,000. AptarGroup comprises 2.1% of Elefante Mark B’s holdings, making the stock its 21st biggest holding. Elefante Mark B owned about 0.06% of AptarGroup as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of AptarGroup by 214.1% during the first quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 137 shares during the last quarter. Rothschild Investment LLC raised its position in AptarGroup by 231.1% in the 4th quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 141 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in AptarGroup during the 3rd quarter worth $32,000. Silvant Capital Management LLC acquired a new stake in AptarGroup during the 2nd quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in AptarGroup during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Down 0.2%
Shares of NYSE:ATR opened at $134.51 on Monday. AptarGroup, Inc. has a fifty-two week low of $103.23 and a fifty-two week high of $146.91. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $129.20 and its 200-day simple moving average is $127.66. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.32 and a beta of 0.39.
AptarGroup Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 30th. AptarGroup’s dividend payout ratio is 34.72%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. Zacks Research raised AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Raymond James Financial restated an “outperform” rating and issued a $160.00 price target on shares of AptarGroup in a research report on Wednesday, July 15th. Wells Fargo & Company upped their price objective on AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, 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 report on Tuesday, July 14th. Five 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.80.
Read Our Latest Research Report on ATR
Insider Activity
In other AptarGroup news, insider Shiela Vinczeller sold 3,555 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $112.61, for a total value of $400,328.55. Following the completion of the transaction, the insider owned 27,078 shares in the company, valued at approximately $3,049,253.58. This represents a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hedi Tlili sold 8,854 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $135.00, for a total value of $1,195,290.00. Following the completion of the transaction, the insider owned 15,379 shares of the company’s stock, valued at $2,076,165. The trade was a 36.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,247 shares of company stock valued at $2,935,161 in the last three months. 0.73% of the stock is currently owned by company insiders.
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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