Strengthening Families & Communities LLC Makes New $2.37 Million Investment in AptarGroup, Inc. $ATR

Strengthening Families & Communities LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,735 shares of the industrial products company’s stock, valued at approximately $2,371,000.

A number of other hedge funds also recently made changes to their positions in ATR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AptarGroup by 28.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,399 shares of the industrial products company’s stock valued at $356,000 after buying an additional 534 shares during the period. Goldman Sachs Group Inc. boosted its stake in AptarGroup by 22.2% in the first quarter. Goldman Sachs Group Inc. now owns 88,716 shares of the industrial products company’s stock valued at $13,164,000 after acquiring an additional 16,145 shares during the last quarter. Empowered Funds LLC boosted its stake in AptarGroup by 31.0% in the first quarter. Empowered Funds LLC now owns 2,835 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 671 shares during the last quarter. Truist Financial Corp grew its position in shares of AptarGroup by 7.7% during the 2nd quarter. Truist Financial Corp now owns 22,165 shares of the industrial products company’s stock valued at $3,467,000 after acquiring an additional 1,578 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in shares of AptarGroup by 3.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 17,000 shares of the industrial products company’s stock worth $2,659,000 after purchasing an additional 600 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ATR. Robert W. Baird dropped their price objective on AptarGroup from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Monday, December 29th. Zacks Research cut AptarGroup from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Wells Fargo & Company reissued an “equal weight” rating and issued a $133.00 price objective on shares of AptarGroup in a report on Tuesday, January 6th. Finally, William Blair cut AptarGroup from an “outperform” rating to a “market perform” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, AptarGroup has an average rating of “Hold” and an average price target of $167.50.

Insider Buying and Selling

In other AptarGroup news, CAO Daniel Ackerman sold 15,000 shares of AptarGroup stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $121.23, for a total transaction of $1,818,450.00. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

AptarGroup Trading Down 0.3%

NYSE:ATR opened at $124.62 on Tuesday. AptarGroup, Inc. has a 1 year low of $103.23 and a 1 year high of $164.28. The stock’s fifty day moving average price is $122.92 and its two-hundred day moving average price is $130.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.19 and a quick ratio of 0.82. The company has a market cap of $8.18 billion, a P/E ratio of 19.94, a P/E/G ratio of 4.46 and a beta of 0.48.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 4th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, February 4th. This represents a $1.92 annualized dividend and a yield of 1.5%. AptarGroup’s dividend payout ratio (DPR) is currently 30.72%.

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.