Allspring Global Investments Holdings LLC Has $152.81 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

Allspring Global Investments Holdings LLC lifted its holdings in AptarGroup, Inc. (NYSE:ATR) by 1.9% during the 3rd quarter, Holdings Channel reports. The fund owned 953,950 shares of the industrial products company’s stock after acquiring an additional 17,975 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AptarGroup were worth $152,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ATR. Rise Advisors LLC acquired a new position in AptarGroup during the 1st quarter worth $25,000. UMB Bank n.a. raised its position in shares of AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 192 shares during the last quarter. Blue Trust Inc. raised its position in shares of AptarGroup by 281.0% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of AptarGroup during the 2nd quarter valued at $40,000. Finally, Versant Capital Management Inc raised its position in shares of AptarGroup by 4,983.3% during the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 299 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at $1,430,672.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at $1,430,672.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total transaction of $500,346.00. Following the transaction, the insider now owns 32,165 shares of the company’s stock, valued at approximately $4,876,857.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,457 shares of company stock worth $7,314,030. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ATR. Wells Fargo & Company upped their target price on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $190.00.

AptarGroup Trading Up 0.4 %

Shares of ATR traded up $0.74 during trading hours on Friday, reaching $168.63. The stock had a trading volume of 171,511 shares, compared to its average volume of 290,823. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 52 week low of $120.36 and a 52 week high of $169.65. The firm has a 50-day moving average of $154.73 and a 200 day moving average of $148.07. The company has a market cap of $11.17 billion, a P/E ratio of 36.19, a P/E/G ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The business had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. During the same quarter in the prior year, the company earned $1.23 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts expect that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup announced that its Board of Directors has initiated a stock buyback plan on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is presently 38.63%.

AptarGroup Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.