Mach 1 Financial Group LLC bought a new position in AptarGroup, Inc. (NYSE:ATR – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 8,085 shares of the industrial products company’s stock, valued at approximately $986,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in shares of AptarGroup by 11.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 898 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 89 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in AptarGroup by 0.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,496 shares of the industrial products company’s stock valued at $2,606,000 after acquiring an additional 89 shares during the period. Fulton Bank N.A. lifted its position in AptarGroup by 4.1% during the 4th quarter. Fulton Bank N.A. now owns 2,374 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 94 shares during the period. Fulcrum Asset Management LLP lifted its position in AptarGroup by 1.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 5,962 shares of the industrial products company’s stock valued at $797,000 after acquiring an additional 100 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in AptarGroup by 38.5% during the 4th quarter. Salomon & Ludwin LLC now owns 360 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 100 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.
AptarGroup Stock Performance
Shares of ATR stock opened at $115.10 on Thursday. The company has a 50 day moving average price of $125.02 and a 200-day moving average price of $125.79. AptarGroup, Inc. has a 52 week low of $103.23 and a 52 week high of $164.28. The firm has a market capitalization of $7.35 billion, a PE ratio of 19.71, a P/E/G ratio of 2.69 and a beta of 0.42. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.
AptarGroup Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 6th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, May 6th. AptarGroup’s payout ratio is 32.88%.
AptarGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on ATR shares. Robert W. Baird set a $156.00 target price on shares of AptarGroup in a report on Monday, February 9th. Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research note on Friday, March 27th. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.
Read Our Latest Analysis on ATR
Insider Transactions at AptarGroup
In related news, EVP Irene Elizabeth Hudson sold 1,264 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $123.43, for a total transaction of $156,015.52. Following the completion of the sale, the executive vice president directly owned 1,480 shares in the company, valued at approximately $182,676.40. The trade was a 46.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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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