Consolidated Planning Corp lifted its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,102 shares of the industrial products company’s stock after purchasing an additional 857 shares during the period. Consolidated Planning Corp’s holdings in AptarGroup were worth $1,267,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ATR. Wealth Enhancement Advisory Services LLC grew its stake in shares of AptarGroup by 5.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,388 shares of the industrial products company’s stock worth $1,475,000 after purchasing an additional 479 shares during the last quarter. Rhumbline Advisers grew its stake in shares of AptarGroup by 4.0% in the 1st quarter. Rhumbline Advisers now owns 205,398 shares of the industrial products company’s stock worth $30,477,000 after purchasing an additional 7,848 shares during the last quarter. Sendero Wealth Management LLC grew its stake in shares of AptarGroup by 67.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,640 shares of the industrial products company’s stock worth $688,000 after purchasing an additional 1,861 shares during the last quarter. Portside Wealth Group LLC acquired a new position in shares of AptarGroup in the 1st quarter worth approximately $319,000. Finally, UMB Bank n.a. grew its stake in shares of AptarGroup by 116.9% in the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Performance
Shares of ATR opened at $134.09 on Thursday. The company’s 50 day moving average price is $139.88 and its 200 day moving average price is $147.59. AptarGroup, Inc. has a 52 week low of $130.27 and a 52 week high of $178.03. The company has a market capitalization of $8.83 billion, a PE ratio of 23.08, a PEG ratio of 2.76 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.21.
AptarGroup Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 23rd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, October 23rd. This is a boost from AptarGroup’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. AptarGroup’s payout ratio is presently 30.98%.
Analysts Set New Price Targets
Several brokerages recently commented on ATR. Raymond James Financial restated an “outperform” rating and issued a $172.00 price target (down previously from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. Wells Fargo & Company reduced their price target on shares of AptarGroup from $153.00 to $152.00 and set an “overweight” rating for the company in a research report on Wednesday, September 10th. Finally, KeyCorp began coverage on shares of AptarGroup in a research report on Wednesday, September 3rd. They issued an “overweight” rating and a $220.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $182.00.
Get Our Latest Report on AptarGroup
Insider Buying and Selling
In other AptarGroup news, insider Shiela Vinczeller sold 1,167 shares of AptarGroup stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $137.97, for a total value of $161,010.99. Following the completion of the sale, the insider directly owned 25,134 shares in the company, valued at $3,467,737.98. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gael Touya sold 2,500 shares of AptarGroup stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $136.12, for a total transaction of $340,300.00. Following the completion of the sale, the insider owned 31,463 shares of the company’s stock, valued at $4,282,743.56. This trade represents a 7.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
AptarGroup Profile
AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.
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