Bank of New York Mellon Corp purchased a new stake in AptarGroup, Inc. (NYSE:ATR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 477,462 shares of the industrial products company’s stock, valued at approximately $59,778,000.
Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of AptarGroup by 20.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 91 shares during the period. State of Wyoming increased its holdings in AptarGroup by 4.5% in the first quarter. State of Wyoming now owns 2,252 shares of the industrial products company’s stock valued at $284,000 after purchasing an additional 98 shares during the period. Coldstream Capital Management Inc. raised its position in AptarGroup by 2.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,923 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 105 shares during the last quarter. Vident Advisory LLC raised its position in AptarGroup by 5.1% during the 2nd quarter. Vident Advisory LLC now owns 2,304 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 112 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in AptarGroup by 47.0% during the 4th quarter. IFP Advisors Inc now owns 369 shares of the industrial products company’s stock worth $45,000 after buying an additional 118 shares during the period. Institutional investors own 88.52% of the company’s stock.
AptarGroup Price Performance
ATR stock opened at $135.17 on Thursday. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.44 and a beta of 0.39. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. AptarGroup, Inc. has a 12-month low of $103.23 and a 12-month high of $146.91. The company’s fifty day simple moving average is $130.13 and its 200 day simple moving average is $127.86.
AptarGroup Announces Dividend
The firm also recently announced 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. The ex-dividend date was Thursday, July 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. AptarGroup’s dividend payout ratio is presently 34.72%.
Insider Buying and Selling
In other AptarGroup news, CEO Stephan B. Tanda sold 9,838 shares of the business’s 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 transaction, the chief executive officer directly owned 238,729 shares of the company’s stock, valued at approximately $32,505,340.64. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shiela Vinczeller sold 3,555 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $112.61, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,247 shares of company stock valued at $2,935,161 over the last 90 days. Company insiders own 0.73% of the company’s stock.
Analysts Set New Price Targets
ATR has been the topic of a number of analyst reports. Zacks Research upgraded AptarGroup from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America upgraded AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price objective for the company in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a research note on Wednesday, June 24th. Wells Fargo & Company upped their target price on AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Raymond James Financial reissued an “outperform” rating and set a $160.00 target price on shares of AptarGroup in a research report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, AptarGroup has an average rating of “Moderate Buy” and a consensus price target of $172.80.
Check Out Our Latest Research Report on AptarGroup
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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