Handelsbanken Fonder AB boosted its stake in AptarGroup, Inc. (NYSE:ATR – Free Report) by 16.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 164,957 shares of the industrial products company’s stock after buying an additional 23,727 shares during the period. Handelsbanken Fonder AB’s holdings in AptarGroup were worth $20,653,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ATR. River Road Asset Management LLC acquired a new position in AptarGroup during the 4th quarter worth $111,919,000. Norges Bank acquired a new stake in shares of AptarGroup in the 4th quarter valued at about $91,097,000. Dimensional Fund Advisors LP raised its stake in shares of AptarGroup by 35.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,300,801 shares of the industrial products company’s stock valued at $158,649,000 after purchasing an additional 341,440 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of AptarGroup by 57.1% during the fourth quarter. AQR Capital Management LLC now owns 843,595 shares of the industrial products company’s stock worth $102,885,000 after purchasing an additional 306,662 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of AptarGroup by 562.8% during the first quarter. Quantinno Capital Management LP now owns 348,929 shares of the industrial products company’s stock worth $43,972,000 after purchasing an additional 296,282 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.
AptarGroup Trading Down 1.3%
AptarGroup stock opened at $133.06 on Thursday. The firm’s 50-day moving average is $126.69 and its 200-day moving average is $127.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.61. AptarGroup, Inc. has a 1 year low of $103.23 and a 1 year high of $146.91. The company has a market cap of $8.46 billion, a P/E ratio of 24.06, a PEG ratio of 3.33 and a beta of 0.39.
AptarGroup Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, July 30th. AptarGroup’s payout ratio is presently 34.72%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. 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 report on Tuesday, July 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 target price on shares of AptarGroup in a report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Zacks Research upgraded AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $172.80.
Get Our Latest Analysis on ATR
Insider Activity
In related news, CEO Stephan B. Tanda sold 9,838 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $136.16, for a total value of $1,339,542.08. Following the sale, the chief executive officer owned 238,729 shares of the company’s stock, valued at approximately $32,505,340.64. This trade represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shiela Vinczeller sold 3,555 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $112.61, for a total value of $400,328.55. Following the transaction, the insider owned 27,078 shares of the company’s stock, valued at $3,049,253.58. This represents a 11.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,247 shares of company stock valued at $2,935,161. 0.73% of the stock is currently owned by insiders.
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.
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