Strs Ohio Reduces Stake in AptarGroup, Inc. $ATR

Strs Ohio lessened its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 90.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,564 shares of the industrial products company’s stock after selling 15,100 shares during the quarter. Strs Ohio’s holdings in AptarGroup were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of AptarGroup during the 2nd quarter valued at $118,182,000. AQR Capital Management LLC grew its position in AptarGroup by 136.0% during the second quarter. AQR Capital Management LLC now owns 405,066 shares of the industrial products company’s stock worth $62,769,000 after buying an additional 233,445 shares in the last quarter. Ameriprise Financial Inc. grew its position in AptarGroup by 183.8% during the second quarter. Ameriprise Financial Inc. now owns 327,607 shares of the industrial products company’s stock worth $51,248,000 after buying an additional 212,184 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in AptarGroup by 16.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,400,757 shares of the industrial products company’s stock worth $219,120,000 after acquiring an additional 197,214 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of AptarGroup by 16.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,234,354 shares of the industrial products company’s stock valued at $164,984,000 after acquiring an additional 174,084 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ATR shares. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Monday, December 29th. Robert W. Baird dropped their price target on AptarGroup from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. KeyCorp reiterated an “overweight” rating and set a $220.00 price objective on shares of AptarGroup in a research report on Friday, January 9th. Finally, William Blair lowered AptarGroup from an “outperform” rating to a “market perform” rating in a research note on Monday, November 3rd. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $167.50.

AptarGroup Trading Down 0.3%

Shares of ATR stock opened at $124.62 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.19 and a quick ratio of 0.82. The business has a 50-day moving average of $122.92 and a 200 day moving average of $130.26. The stock has a market capitalization of $8.18 billion, a PE ratio of 19.94, a P/E/G ratio of 4.46 and a beta of 0.48. AptarGroup, Inc. has a 1-year low of $103.23 and a 1-year high of $164.28.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 4th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, February 4th. This represents a $1.92 annualized dividend and a yield of 1.5%. AptarGroup’s dividend payout ratio (DPR) is 30.72%.

Insider Buying and Selling at AptarGroup

In related news, CAO Daniel Ackerman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $121.23, for a total transaction of $1,818,450.00. Following the completion of the transaction, the chief accounting officer owned 29,607 shares in the company, valued at $3,589,256.61. This represents a 33.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.68% 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.