AptarGroup, Inc. $ATR Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 23.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 40,555 shares of the industrial products company’s stock after buying an additional 7,712 shares during the period. Mutual of America Capital Management LLC’s holdings in AptarGroup were worth $5,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATR. State Street Corp raised its holdings in AptarGroup by 1.5% in the 2nd quarter. State Street Corp now owns 2,868,365 shares of the industrial products company’s stock valued at $448,698,000 after acquiring an additional 43,188 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AptarGroup by 3.7% in the second quarter. Geode Capital Management LLC now owns 1,749,276 shares of the industrial products company’s stock valued at $282,868,000 after purchasing an additional 62,540 shares during the period. Mawer Investment Management Ltd. increased its stake in AptarGroup by 16.4% in the second quarter. Mawer Investment Management Ltd. now owns 1,400,757 shares of the industrial products company’s stock valued at $219,120,000 after purchasing an additional 197,214 shares during the last quarter. Boston Trust Walden Corp lifted its position in AptarGroup by 16.4% during the third quarter. Boston Trust Walden Corp now owns 1,234,354 shares of the industrial products company’s stock worth $164,984,000 after buying an additional 174,084 shares during the period. Finally, Norges Bank acquired a new stake in AptarGroup in the 2nd quarter worth about $118,182,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Trading Down 0.8%

NYSE ATR opened at $123.74 on Thursday. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 4.43 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 1.19. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $164.28. The company’s 50 day moving average price is $122.69 and its 200 day moving average price is $131.10.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.05. AptarGroup had a net margin of 11.45% and a return on equity of 15.32%. The company had revenue of $961.13 million during the quarter, compared to analyst estimates of $950.55 million. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 4th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, February 4th. AptarGroup’s dividend payout ratio is currently 30.72%.

Insider Transactions at AptarGroup

In other AptarGroup news, CAO Daniel Ackerman sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $121.23, for a total value of $1,818,450.00. Following the transaction, the chief accounting officer directly owned 29,607 shares of the company’s stock, valued at $3,589,256.61. This trade represents a 33.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ATR shares. Robert W. Baird dropped their price objective on shares of AptarGroup from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Zacks Research downgraded shares of AptarGroup from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. KeyCorp reaffirmed an “overweight” rating and set a $220.00 price target on shares of AptarGroup in a research note on Friday, January 9th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $133.00 price target on shares of AptarGroup in a report on Tuesday, January 6th. Finally, William Blair cut shares of AptarGroup from an “outperform” rating to a “market perform” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $167.50.

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.