Illinois Municipal Retirement Fund reduced its stake in AptarGroup, Inc. (NYSE:ATR – Free Report) by 45.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,237 shares of the industrial products company’s stock after selling 4,405 shares during the period. Illinois Municipal Retirement Fund’s holdings in AptarGroup were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of ATR. Rothschild Investment LLC lifted its position in shares of AptarGroup by 231.1% during the 4th quarter. Rothschild Investment LLC now owns 202 shares of the industrial products company’s stock worth $25,000 after buying an additional 141 shares during the period. Geneos Wealth Management Inc. boosted its stake in AptarGroup by 214.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company’s stock valued at $25,000 after buying an additional 137 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in AptarGroup in the third quarter valued at $32,000. Ameriflex Group Inc. bought a new stake in AptarGroup in the fourth quarter valued at $35,000. Finally, Whittier Trust Co. raised its stake in AptarGroup by 169.5% during the first quarter. Whittier Trust Co. now owns 283 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 178 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.
AptarGroup Trading Up 2.5%
Shares of ATR opened at $132.29 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.66. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 3.22 and a beta of 0.39. The stock has a fifty day moving average price of $121.42 and a two-hundred day moving average price of $126.22. AptarGroup, Inc. has a 52-week low of $103.23 and a 52-week high of $163.09.
AptarGroup Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, July 30th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.92 annualized dividend and a yield of 1.5%. AptarGroup’s dividend payout ratio is 32.88%.
Wall Street Analyst Weigh In
ATR has been the subject of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and set a $160.00 price objective on shares of AptarGroup in a report on Wednesday, July 15th. Bank of America raised shares of AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 target price on the stock in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $144.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.80.
Check Out Our Latest Stock Report on AptarGroup
Insider Transactions at AptarGroup
In other AptarGroup news, insider Shiela Vinczeller sold 3,555 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $112.61, for a total transaction of $400,328.55. Following the sale, the insider owned 27,078 shares of the company’s stock, valued at $3,049,253.58. This represents a 11.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Irene Elizabeth Hudson sold 1,264 shares of the firm’s stock in a transaction dated 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 owned 1,480 shares of the company’s stock, valued at $182,676.40. The trade was a 46.06% decrease in their position. The SEC filing for this sale provides additional information. 0.73% of the stock is owned by corporate insiders.
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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