Captrust Financial Advisors increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443 shares of the industrial products company’s stock after purchasing an additional 70 shares during the quarter. Captrust Financial Advisors’ holdings in AptarGroup were worth $61,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. lifted its holdings in AptarGroup by 5.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 55,702 shares of the industrial products company’s stock worth $5,927,000 after buying an additional 2,969 shares in the last quarter. LPL Financial LLC raised its position in shares of AptarGroup by 8.2% during the third quarter. LPL Financial LLC now owns 5,788 shares of the industrial products company’s stock worth $655,000 after acquiring an additional 440 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of AptarGroup by 26.8% during the third quarter. Guggenheim Capital LLC now owns 4,391 shares of the industrial products company’s stock worth $497,000 after acquiring an additional 928 shares during the last quarter. Truist Financial Corp increased its position in AptarGroup by 0.4% in the third quarter. Truist Financial Corp now owns 29,274 shares of the industrial products company’s stock worth $3,314,000 after purchasing an additional 110 shares during the period. Finally, Morgan Stanley grew its position in shares of AptarGroup by 129.2% during the 3rd quarter. Morgan Stanley now owns 102,980 shares of the industrial products company’s stock worth $11,658,000 after buying an additional 58,050 shares during the period. 87.04% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on AptarGroup from $135.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 11th. Deutsche Bank Aktiengesellschaft boosted their target price on AptarGroup from $127.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. Finally, Morgan Stanley increased their price target on shares of AptarGroup from $122.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $143.00.
AptarGroup (NYSE:ATR) last released its earnings results on Wednesday, February 17th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $749.33 million for the quarter, compared to analyst estimates of $736.10 million. AptarGroup had a return on equity of 14.24% and a net margin of 7.34%. On average, analysts anticipate that AptarGroup, Inc. will post 3.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 17th. Stockholders of record on Wednesday, January 27th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, January 26th. AptarGroup’s dividend payout ratio is currently 36.46%.
In other news, Director Joanne C. Dr Smith sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $132.05, for a total transaction of $132,050.00. Following the transaction, the director now directly owns 16,658 shares in the company, valued at approximately $2,199,688.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Kuhn sold 30,000 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $141.85, for a total transaction of $4,255,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,216 shares in the company, valued at $12,513,439.60. The disclosure for this sale can be found here. Insiders sold 37,348 shares of company stock valued at $5,272,715 over the last three months. 1.70% of the stock is owned by company insiders.
AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.
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