Nuance Investments LLC purchased a new stake in AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 183,170 shares of the industrial products company’s stock, valued at approximately $22,933,000. AptarGroup comprises approximately 3.9% of Nuance Investments LLC’s holdings, making the stock its 7th largest position. Nuance Investments LLC owned about 0.29% of AptarGroup as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in ATR. Northwestern Mutual Wealth Management Co. increased its position in AptarGroup by 30,035.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 136,211 shares of the industrial products company’s stock valued at $15,220,000 after purchasing an additional 135,759 shares during the period. Aurora Investment Counsel bought a new stake in shares of AptarGroup in the 4th quarter valued at $1,310,000. Intech Investment Management LLC increased its position in shares of AptarGroup by 696.8% during the fourth quarter. Intech Investment Management LLC now owns 100,020 shares of the industrial products company’s stock worth $12,198,000 after buying an additional 87,467 shares during the period. California State Teachers Retirement System raised its stake in AptarGroup by 24.4% during the first quarter. California State Teachers Retirement System now owns 77,227 shares of the industrial products company’s stock worth $9,732,000 after buying an additional 15,158 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in AptarGroup during the first quarter worth $2,357,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Performance
Shares of ATR stock opened at $131.79 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $127.86 and a two-hundred day simple moving average of $127.41. AptarGroup, Inc. has a 12 month low of $103.23 and a 12 month high of $146.91. The firm has a market capitalization of $8.38 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 3.25 and a beta of 0.39.
AptarGroup Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. AptarGroup’s payout ratio is 34.72%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ATR. Raymond James Financial reiterated an “outperform” rating and set a $160.00 price target on shares of AptarGroup in a report on Wednesday, July 15th. Zacks Research raised AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a report on Wednesday, June 24th. Bank of America upgraded AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company raised their price objective on shares of AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and an average price target of $172.80.
Read Our Latest Research Report on AptarGroup
Insider Buying and Selling at AptarGroup
In other AptarGroup news, insider Hedi Tlili sold 8,854 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $135.00, for a total transaction of $1,195,290.00. Following the completion of the sale, the insider directly owned 15,379 shares of the company’s stock, valued at approximately $2,076,165. The trade was a 36.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephan B. Tanda sold 9,838 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $136.16, for a total value of $1,339,542.08. Following the completion of the sale, the chief executive officer directly owned 238,729 shares of the company’s stock, valued at approximately $32,505,340.64. This trade represents a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 22,247 shares of company stock worth $2,935,161. Insiders own 0.73% of the company’s stock.
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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