Public Employees Retirement System of Ohio purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,625 shares of the industrial products company’s stock, valued at approximately $2,457,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its holdings in AptarGroup by 231.1% in the fourth quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock valued at $25,000 after buying an additional 141 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of AptarGroup by 214.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of AptarGroup during the 2nd quarter valued at about $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of AptarGroup during the 3rd quarter valued at about $32,000. Finally, Ameriflex Group Inc. purchased a new position in shares of AptarGroup in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Trading Down 0.9%
Shares of AptarGroup stock opened at $127.19 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $146.91. The firm has a market capitalization of $8.09 billion, a PE ratio of 23.00, a P/E/G ratio of 3.25 and a beta of 0.38. The firm’s 50-day moving average price is $131.24 and its 200 day moving average price is $127.52.
AptarGroup Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, July 30th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 30th. AptarGroup’s payout ratio is presently 34.72%.
Analysts Set New Price Targets
ATR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Bank of America raised AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price for the company in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $160.00 price target on shares of AptarGroup in a research note on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.80.
Get Our Latest Research Report on AptarGroup
Insider Transactions at AptarGroup
In related news, CEO Gael Touya sold 3,740 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $133.76, for a total value of $500,262.40. Following the completion of the transaction, the chief executive officer directly owned 29,102 shares of the company’s stock, valued at approximately $3,892,683.52. This represents a 11.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shiela Vinczeller sold 765 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $130.37, for a total value of $99,733.05. Following the completion of the transaction, the insider owned 26,313 shares in the company, valued at $3,430,425.81. The trade was a 2.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,197 shares of company stock valued at $3,134,828 over the last ninety days. Company insiders own 0.73% of the company’s stock.
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.
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