Palisade Capital Management LP bought a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 17,663 shares of the industrial products company’s stock, valued at approximately $2,211,000.
A number of other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of AptarGroup by 214.1% in the first quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock valued at $25,000 after buying an additional 137 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of AptarGroup by 231.1% during the fourth quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock valued at $25,000 after buying an additional 141 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of AptarGroup during the third quarter worth about $32,000. Silvant Capital Management LLC bought a new stake in shares of AptarGroup during the second quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of AptarGroup in the 3rd quarter worth about $36,000. 88.52% of the stock is currently owned by institutional investors.
AptarGroup Trading Up 0.1%
NYSE:ATR opened at $134.86 on Wednesday. AptarGroup, Inc. has a 12 month low of $103.23 and a 12 month high of $146.91. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $129.83 and its 200 day moving average is $127.77. The stock has a market capitalization of $8.57 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39.
AptarGroup Announces Dividend
The company also recently declared 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. The ex-dividend date was Thursday, July 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. AptarGroup’s dividend payout ratio is presently 34.72%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Zacks Research upgraded AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Bank of America upgraded AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target for the company in a report on Tuesday, July 14th. Wells Fargo & Company increased their price target on AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Raymond James Financial restated an “outperform” rating and set a $160.00 price objective on shares of AptarGroup in a research note on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.80.
View Our Latest Stock Analysis on ATR
Insider Transactions at AptarGroup
In other AptarGroup news, insider Hedi Tlili sold 8,854 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $135.00, for a total transaction of $1,195,290.00. Following the sale, the insider directly owned 15,379 shares of the company’s stock, valued at $2,076,165. This represents a 36.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,339,542.08. Following the completion of the transaction, the chief executive officer directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 22,247 shares of company stock worth $2,935,161. 0.73% of the stock is owned by company 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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