Legal & General Group Plc bought a new stake in AptarGroup, Inc. (NYSE:ATR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 90,033 shares of the industrial products company’s stock, valued at approximately $11,272,000.
Several other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in AptarGroup during the second quarter worth $768,464,000. River Road Asset Management LLC bought a new stake in AptarGroup in the 4th quarter valued at $111,919,000. Norges Bank bought a new stake in AptarGroup in the 4th quarter valued at $91,097,000. Atlas FRM LLC acquired a new stake in AptarGroup in the 2nd quarter worth $83,884,000. Finally, Bank of New York Mellon Corp acquired a new stake in AptarGroup in the 2nd quarter worth $59,778,000. 88.52% of the stock is owned by institutional investors.
AptarGroup Trading Down 1.0%
Shares of AptarGroup stock opened at $131.71 on Tuesday. The firm has a market capitalization of $8.37 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.10. The company’s fifty day moving average price is $130.85 and its two-hundred day moving average price is $127.76. AptarGroup, Inc. has a 52-week low of $103.23 and a 52-week high of $146.91.
AptarGroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, July 30th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 30th. AptarGroup’s dividend payout ratio is 34.72%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ATR. Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company increased their target price on shares of AptarGroup from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Bank of America upgraded AptarGroup from a “neutral” rating to a “buy” rating and set a $173.00 price target on the stock in a research note on Tuesday, July 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $160.00 price target on shares of AptarGroup in a report on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.80.
View Our Latest Report on AptarGroup
Insider Buying and Selling at AptarGroup
In other news, insider Hedi Tlili sold 8,854 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $135.00, for a total value of $1,195,290.00. Following the sale, the insider directly owned 15,379 shares in the company, valued at approximately $2,076,165. This represents a 36.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Stephan B. Tanda sold 9,838 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $136.16, for a total value of $1,339,542.08. Following the completion of the sale, the chief executive officer owned 238,729 shares in the company, valued at approximately $32,505,340.64. This represents a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 25,987 shares of company stock worth $3,435,423. 0.73% of the stock is currently owned by company 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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