Pacer Advisors Inc. acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,565 shares of the industrial products company’s stock, valued at approximately $1,546,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in AptarGroup by 281.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the industrial products company’s stock worth $47,000 after buying an additional 234 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of AptarGroup in the 1st quarter valued at approximately $325,000. Royal Bank of Canada boosted its stake in AptarGroup by 4.8% during the 1st quarter. Royal Bank of Canada now owns 131,284 shares of the industrial products company’s stock worth $19,480,000 after acquiring an additional 6,031 shares during the last quarter. Dark Forest Capital Management LP grew its holdings in AptarGroup by 225.2% during the first quarter. Dark Forest Capital Management LP now owns 26,045 shares of the industrial products company’s stock valued at $3,865,000 after purchasing an additional 18,036 shares during the period. Finally, Aprio Wealth Management LLC bought a new stake in AptarGroup in the first quarter valued at approximately $2,900,000. Institutional investors own 88.52% of the company’s stock.
AptarGroup Stock Performance
Shares of AptarGroup stock opened at $121.96 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.19 and a quick ratio of 0.82. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 3.27 and a beta of 0.50. The stock’s 50-day moving average is $121.19 and its 200-day moving average is $135.57. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $164.28.
Insider Activity
In other news, CAO Daniel Ackerman sold 15,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $121.23, for a total value of $1,818,450.00. Following the sale, the chief accounting officer owned 29,607 shares of the company’s stock, valued at $3,589,256.61. The trade was a 33.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts recently commented on ATR shares. KeyCorp initiated coverage on shares of AptarGroup in a research report on Wednesday, September 3rd. They issued an “overweight” rating and a $220.00 price objective for the company. Zacks Research cut AptarGroup from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research report on Monday. Wells Fargo & Company cut their price objective on AptarGroup from $152.00 to $133.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, Robert W. Baird lowered their target price on AptarGroup from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AptarGroup presently has a consensus rating of “Hold” and an average target price of $168.60.
Read Our Latest Stock Report on ATR
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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