Fisher Asset Management LLC lessened its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 17.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,076 shares of the industrial products company’s stock after selling 4,814 shares during the period. Fisher Asset Management LLC’s holdings in AptarGroup were worth $2,814,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. New Age Alpha Advisors LLC increased its stake in AptarGroup by 56.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 53,978 shares of the industrial products company’s stock worth $6,583,000 after buying an additional 19,545 shares in the last quarter. Hantz Financial Services Inc. increased its stake in AptarGroup by 252.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,439 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,031 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in AptarGroup by 18.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 970 shares of the industrial products company’s stock worth $118,000 after buying an additional 149 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in AptarGroup by 2.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,940 shares of the industrial products company’s stock worth $2,432,000 after buying an additional 444 shares in the last quarter. Finally, Mach 1 Financial Group LLC purchased a new stake in AptarGroup in the 4th quarter worth $986,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
AptarGroup Stock Up 0.6%
ATR opened at $116.03 on Friday. The firm has a 50-day simple moving average of $123.33 and a two-hundred day simple moving average of $125.83. AptarGroup, Inc. has a 52 week low of $103.23 and a 52 week high of $164.28. The company has a market capitalization of $7.40 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.73 and a beta of 0.42. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.
AptarGroup Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, May 6th. AptarGroup’s dividend payout ratio is currently 32.88%.
AptarGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ATR. Wells Fargo & Company increased their price target on AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Robert W. Baird set a $156.00 price objective on shares of AptarGroup in a report on Monday, February 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AptarGroup in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.25.
Get Our Latest Research Report on ATR
Insider Activity
In other news, EVP Irene Elizabeth Hudson sold 1,264 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $123.43, for a total transaction of $156,015.52. Following the sale, the executive vice president directly owned 1,480 shares in the company, valued at approximately $182,676.40. This represents a 46.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.
About AptarGroup
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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