Copeland Capital Management LLC increased its stake in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 3.8% in the 1st quarter, Holdings Channel reports. The firm owned 140,932 shares of the industrial products company’s stock after purchasing an additional 5,179 shares during the period. Copeland Capital Management LLC’s holdings in AptarGroup were worth $17,760,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC boosted its holdings in AptarGroup by 231.1% in the 4th quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock worth $25,000 after buying an additional 141 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of AptarGroup by 214.1% during the first quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of AptarGroup in the third quarter valued at approximately $32,000. Ameriflex Group Inc. acquired a new stake in shares of AptarGroup in the fourth quarter worth approximately $35,000. Finally, Whittier Trust Co. boosted its stake in shares of AptarGroup by 169.5% in the first quarter. Whittier Trust Co. now owns 283 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 178 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.
AptarGroup Trading Down 1.8%
Shares of AptarGroup stock opened at $132.29 on Friday. The stock has a market cap of $8.44 billion, a P/E ratio of 22.65, a P/E/G ratio of 3.36 and a beta of 0.39. The stock’s 50 day simple moving average is $120.21 and its 200-day simple moving average is $125.96. AptarGroup, Inc. has a 1-year low of $103.23 and a 1-year high of $164.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.14.
AptarGroup Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, July 30th. AptarGroup’s dividend payout ratio is presently 32.88%.
Insider Buying and Selling at AptarGroup
In other news, insider Shiela Vinczeller sold 3,555 shares of AptarGroup stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $112.61, for a total transaction of $400,328.55. Following the transaction, the insider owned 27,078 shares in the company, valued at $3,049,253.58. The trade was a 11.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Irene Elizabeth Hudson sold 1,264 shares of the business’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 transaction, the executive vice president directly owned 1,480 shares in the company, valued at approximately $182,676.40. The trade was a 46.06% decrease in their position. The SEC filing for this sale provides additional information. 0.73% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Wells Fargo & Company increased their price objective on AptarGroup from $144.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $160.00 target price on shares of AptarGroup in a report on Wednesday. Finally, Bank of America upgraded shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price for the company in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AptarGroup presently has an average rating of “Moderate Buy” and a consensus price target of $170.80.
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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