Aptus Capital Advisors LLC boosted its position in AptarGroup, Inc. (NYSE:ATR – Free Report) by 14.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 63,238 shares of the industrial products company’s stock after purchasing an additional 7,829 shares during the period. Aptus Capital Advisors LLC’s holdings in AptarGroup were worth $8,452,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of AptarGroup in the 3rd quarter worth approximately $36,000. Huntington National Bank grew its stake in AptarGroup by 33.4% in the 3rd quarter. Huntington National Bank now owns 419 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC grew its stake in AptarGroup by 534.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 565 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 476 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of AptarGroup by 135.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 747 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 430 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of AptarGroup by 248.2% during the 2nd quarter. Osaic Holdings Inc. now owns 759 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Trading Down 2.2%
NYSE:ATR opened at $131.80 on Friday. The company has a 50-day moving average price of $131.01 and a 200-day moving average price of $128.92. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 5.08 and a beta of 0.46. The company has a current ratio of 1.62, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. AptarGroup, Inc. has a 12 month low of $103.23 and a 12 month high of $164.28.
AptarGroup announced that its Board of Directors has initiated a stock buyback program on Thursday, February 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
AptarGroup Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 4th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, February 4th. AptarGroup’s dividend payout ratio (DPR) is presently 32.60%.
Insider Transactions at AptarGroup
In other news, CAO Daniel Ackerman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $121.23, for a total value of $1,818,450.00. Following the sale, the chief accounting officer directly owned 29,607 shares of the company’s stock, valued at $3,589,256.61. The trade was a 33.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $141.35, for a total transaction of $494,725.00. Following the sale, the insider owned 27,963 shares of the company’s stock, valued at approximately $3,952,570.05. This represents a 11.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.68% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ATR. Robert W. Baird set a $156.00 target price on shares of AptarGroup in a research report on Monday, February 9th. KeyCorp reiterated an “overweight” rating and issued a $220.00 price objective on shares of AptarGroup in a research note on Friday, January 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $133.00 target price on shares of AptarGroup in a research report on Tuesday, January 6th. Zacks Research lowered AptarGroup from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AptarGroup currently has a consensus rating of “Hold” and a consensus target price of $170.25.
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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