Norden Group LLC grew its position in AptarGroup, Inc. (NYSE:ATR – Free Report) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 4,285 shares of the industrial products company’s stock after acquiring an additional 397 shares during the period. Norden Group LLC’s holdings in AptarGroup were worth $670,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of ATR. Simplex Trading LLC increased its holdings in AptarGroup by 107.4% in the 1st quarter. Simplex Trading LLC now owns 224 shares of the industrial products company’s stock worth $33,000 after buying an additional 116 shares during the period. SVB Wealth LLC purchased a new stake in shares of AptarGroup in the 1st quarter valued at $33,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 169 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 purchasing an additional 234 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in AptarGroup by 164.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 331 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Down 0.4%
Shares of ATR opened at $130.92 on Friday. The firm has a market cap of $8.63 billion, a P/E ratio of 22.53, a PEG ratio of 2.71 and a beta of 0.57. AptarGroup, Inc. has a 12 month low of $130.27 and a 12 month high of $178.03. The stock’s 50 day moving average is $141.89 and its two-hundred day moving average is $147.96. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.
AptarGroup Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 23rd will be given a dividend of $0.48 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, October 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. AptarGroup’s payout ratio is currently 30.98%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on ATR shares. Wells Fargo & Company reduced their price objective on AptarGroup from $153.00 to $152.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. KeyCorp began coverage on AptarGroup in a report on Wednesday, September 3rd. They issued an “overweight” rating and a $220.00 price target for the company. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, AptarGroup currently has an average rating of “Buy” and a consensus price target of $182.00.
Read Our Latest Stock Report on AptarGroup
Insider Transactions at AptarGroup
In other AptarGroup news, insider Shiela Vinczeller sold 1,167 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $137.97, for a total transaction of $161,010.99. Following the completion of the transaction, the insider owned 25,134 shares of the company’s stock, valued at $3,467,737.98. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gael Touya sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $136.12, for a total value of $340,300.00. Following the completion of the transaction, the insider owned 31,463 shares in the company, valued at approximately $4,282,743.56. This trade represents a 7.36% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.
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.
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