Man Group plc bought a new stake in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 26,164 shares of the industrial products company’s stock, valued at approximately $3,276,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in AptarGroup by 20.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the industrial products company’s stock worth $66,000 after buying an additional 91 shares during the last quarter. State of Wyoming increased its position in AptarGroup by 4.5% during the first quarter. State of Wyoming now owns 2,252 shares of the industrial products company’s stock valued at $284,000 after acquiring an additional 98 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of AptarGroup by 2.8% in the third quarter. Coldstream Capital Management Inc. now owns 3,923 shares of the industrial products company’s stock valued at $524,000 after acquiring an additional 105 shares during the period. Vident Advisory LLC raised its stake in shares of AptarGroup by 5.1% in the second quarter. Vident Advisory LLC now owns 2,304 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 112 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of AptarGroup by 47.0% in the 4th quarter. IFP Advisors Inc now owns 369 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Price Performance
Shares of ATR stock opened at $131.71 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.10. The company has a market capitalization of $8.37 billion, a P/E ratio of 23.82, a P/E/G ratio of 3.39 and a beta of 0.39. The company’s 50-day simple moving average is $130.85 and its two-hundred day simple moving average is $127.76. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $146.91.
AptarGroup Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. AptarGroup’s payout ratio is 34.72%.
Analyst Upgrades and Downgrades
ATR has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 price target on shares of AptarGroup in a research note on Wednesday, July 15th. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Bank of America raised AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price on the stock in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price target on AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, AptarGroup has an average rating of “Moderate Buy” and a consensus price target of $172.80.
Check Out Our Latest Stock Analysis on AptarGroup
Insider Transactions at AptarGroup
In other news, insider Hedi Tlili sold 8,854 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $135.00, for a total transaction of $1,195,290.00. Following the transaction, the insider owned 15,379 shares in the company, valued at approximately $2,076,165. This trade represents a 36.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gael Touya sold 3,740 shares of AptarGroup stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $133.76, for a total value of $500,262.40. Following the completion of the sale, the chief executive officer owned 29,102 shares of the company’s stock, valued at $3,892,683.52. The trade was a 11.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,987 shares of company stock valued at $3,435,423 over the last 90 days. 0.73% of the stock is owned by corporate 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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