Van ECK Associates Corp lessened its holdings in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 66,963 shares of the industrial products company’s stock after selling 4,161 shares during the period. Van ECK Associates Corp’s holdings in AptarGroup were worth $8,384,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC increased its stake 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 purchasing an additional 141 shares during the last quarter. Geneos Wealth Management Inc. lifted its position 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 buying an additional 137 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of AptarGroup during the 2nd quarter worth approximately $30,000. Measured Wealth Private Client Group LLC acquired a new position in shares of AptarGroup in the 3rd quarter valued at $32,000. Finally, Ameriflex Group Inc. acquired a new position in shares of AptarGroup in the 4th quarter valued at $35,000. 88.52% of the stock is owned by institutional investors and hedge funds.
AptarGroup Stock Down 0.5%
ATR stock opened at $131.02 on Wednesday. The company has a fifty day moving average price of $131.05 and a 200 day moving average price of $127.69. AptarGroup, Inc. has a 12 month low of $103.23 and a 12 month high of $146.91. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 3.36 and a beta of 0.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.10.
AptarGroup Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, July 30th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. AptarGroup’s dividend payout ratio (DPR) is currently 34.72%.
Insider Buying and Selling
In other AptarGroup news, insider Hedi Tlili sold 8,854 shares of the 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. This trade represents a 36.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shiela Vinczeller sold 3,555 shares of AptarGroup 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 transaction, the insider owned 27,078 shares in the company, valued at $3,049,253.58. This trade represents a 11.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 25,987 shares of company stock worth $3,435,423. Corporate insiders own 0.73% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on ATR shares. Wells Fargo & Company lifted their price target on shares of AptarGroup from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Weiss Ratings reaffirmed 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 target price on the stock in a research report on Tuesday, July 14th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $160.00 target price on shares of AptarGroup in a report 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, AptarGroup has a consensus rating of “Moderate Buy” and a consensus price target of $172.80.
Read Our Latest Report on AptarGroup
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.
Featured Articles
- Five stocks we like better than AptarGroup
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
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.
