Crawford Investment Counsel Inc. boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 41.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 244,491 shares of the industrial products company’s stock after acquiring an additional 71,630 shares during the period. Crawford Investment Counsel Inc. owned 0.37% of AptarGroup worth $32,679,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AptarGroup by 28.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,399 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 534 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of AptarGroup by 22.2% during 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 purchasing an additional 16,145 shares in the last quarter. Empowered Funds LLC grew its position in shares of AptarGroup by 31.0% during the first quarter. Empowered Funds LLC now owns 2,835 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 671 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AptarGroup by 3.7% in the second quarter. Geode Capital Management LLC now owns 1,749,276 shares of the industrial products company’s stock worth $282,868,000 after purchasing an additional 62,540 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of AptarGroup by 3.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 24,799 shares of the industrial products company’s stock worth $3,879,000 after purchasing an additional 711 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.
AptarGroup Stock Performance
AptarGroup stock opened at $128.71 on Friday. The company’s 50-day moving average price is $131.88 and its 200-day moving average price is $128.52. The company has a quick ratio of 1.16, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The company has a market cap of $8.29 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 4.85 and a beta of 0.46. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $164.28.
AptarGroup Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 4th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, February 4th. AptarGroup’s dividend payout ratio (DPR) is presently 32.60%.
AptarGroup announced that its Board of Directors has initiated a share repurchase program on Thursday, February 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ATR. Robert W. Baird set a $156.00 target price on AptarGroup in a research report on Monday, February 9th. KeyCorp restated an “overweight” rating and set a $220.00 price target on shares of AptarGroup in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AptarGroup in a report on Monday, December 29th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $133.00 target price on shares of AptarGroup in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $170.25.
Read Our Latest Analysis on ATR
Insider Activity
In other news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $141.35, for a total value of $494,725.00. Following the completion of the transaction, the insider owned 27,963 shares in the company, valued at approximately $3,952,570.05. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by 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.
Recommended Stories
- Five stocks we like better than AptarGroup
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Silver paying 20% dividend. Plus 68% share gains
- Unlocked: Elon Musk’s Next Big IPO
- A personal warning from Martin Weiss (Please read)
Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR – Free Report).
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.
