Copeland Capital Management LLC grew its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,932 shares of the industrial products company’s stock after acquiring an additional 5,179 shares during the period. Copeland Capital Management LLC owned about 0.22% of AptarGroup worth $17,760,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ATR. State Street Corp lifted its position in AptarGroup by 1.5% during the second quarter. State Street Corp now owns 2,868,365 shares of the industrial products company’s stock valued at $448,698,000 after purchasing an additional 43,188 shares during the period. Victory Capital Management Inc. grew its position in AptarGroup by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,291,454 shares of the industrial products company’s stock worth $279,466,000 after purchasing an additional 88,717 shares during the period. Geode Capital Management LLC grew its position in AptarGroup by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,618,896 shares of the industrial products company’s stock worth $197,473,000 after purchasing an additional 15,197 shares during the period. Boston Trust Walden Corp raised its stake in shares of AptarGroup by 14.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,414,719 shares of the industrial products company’s stock valued at $172,539,000 after buying an additional 180,365 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AptarGroup by 35.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,300,801 shares of the industrial products company’s stock valued at $158,649,000 after buying an additional 341,440 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Trading Down 1.8%
Shares of AptarGroup stock opened at $132.29 on Friday. The firm has a 50-day simple moving average of $120.21 and a two-hundred day simple moving average of $125.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.66. AptarGroup, Inc. has a fifty-two week low of $103.23 and a fifty-two week high of $164.28. The company has a market cap of $8.44 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.39.
AptarGroup Announces Dividend
The firm also recently disclosed 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 of this dividend is Thursday, July 30th. AptarGroup’s dividend payout ratio (DPR) is presently 32.88%.
Analyst Ratings Changes
A number of brokerages have recently commented on ATR. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. Bank of America upgraded AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target for the company in a research report on Tuesday. Raymond James Financial reissued an “outperform” rating and issued a $160.00 price target on shares of AptarGroup in a report on Wednesday. Wells Fargo & Company upped their price objective on AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Zacks Research raised shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $170.80.
Get Our Latest Analysis on ATR
Insider Activity at AptarGroup
In other news, EVP Irene Elizabeth Hudson sold 1,264 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $123.43, for a total value of $156,015.52. Following the completion of the sale, the executive vice president directly owned 1,480 shares in the company, valued at $182,676.40. The trade was a 46.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shiela Vinczeller sold 3,555 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $112.61, for a total value of $400,328.55. Following the completion of the sale, the insider owned 27,078 shares of the company’s stock, valued at $3,049,253.58. This trade represents a 11.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.73% of the stock is currently owned by company insiders.
AptarGroup 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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