Institute for Wealth Management LLC. bought a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,534 shares of the industrial products company’s stock, valued at approximately $240,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth grew its position in AptarGroup by 94.4% during the first quarter. Focus Partners Wealth now owns 65,871 shares of the industrial products company’s stock worth $9,774,000 after buying an additional 31,985 shares in the last quarter. Simplex Trading LLC grew its position in AptarGroup by 107.4% during the first quarter. Simplex Trading LLC now owns 224 shares of the industrial products company’s stock worth $33,000 after buying an additional 116 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AptarGroup by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 228,066 shares of the industrial products company’s stock worth $33,840,000 after buying an additional 18,315 shares in the last quarter. Royal Bank of Canada grew its position in AptarGroup by 4.8% during the first quarter. Royal Bank of Canada now owns 131,284 shares of the industrial products company’s stock worth $19,480,000 after buying an additional 6,031 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in AptarGroup by 18.2% during the first quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the industrial products company’s stock worth $335,000 after buying an additional 348 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at AptarGroup
In other news, insider Shiela Vinczeller sold 1,167 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $137.97, for a total value of $161,010.99. Following the completion of the sale, the insider owned 25,134 shares of the company’s stock, valued at approximately $3,467,737.98. The trade was a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gael Touya sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $136.12, for a total value of $340,300.00. Following the completion of the sale, the insider directly owned 31,463 shares of the company’s stock, valued at approximately $4,282,743.56. This trade represents a 7.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
AptarGroup Price Performance
AptarGroup (NYSE:ATR – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%.The firm had revenue of $966.01 million during the quarter, compared to analysts’ expectations of $954.06 million. During the same period in the prior year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. AptarGroup has set its Q3 2025 guidance at 1.530-1.610 EPS. Equities analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.
AptarGroup Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 23rd will be paid a $0.48 dividend. This is a boost from AptarGroup’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. AptarGroup’s dividend payout ratio is presently 33.05%.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Raymond James Financial restated an “outperform” rating and set a $172.00 target price (down from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. Wells Fargo & Company cut their price objective on AptarGroup from $153.00 to $152.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Finally, KeyCorp began coverage on AptarGroup in a report on Wednesday, September 3rd. They issued an “overweight” rating and a $220.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $182.00.
Check Out Our Latest Research Report on ATR
About AptarGroup
AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.
Featured Stories
- Five stocks we like better than AptarGroup
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- General Dynamics Hits New Highs: Why It Might Keep Climbing
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Nike’s Turnaround: If the Shoe Fits, Buy It!
- Options Trading – Understanding Strike Price
- NVIDIA Breaks Out to New Highs: What Comes Next?
Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR – Free Report).
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.