Truist Financial Corp raised its position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,456 shares of the industrial products company’s stock after acquiring an additional 5,992 shares during the period. Truist Financial Corp’s holdings in AptarGroup were worth $3,349,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of AptarGroup in the third quarter worth about $32,000. Caitong International Asset Management Co. Ltd bought a new stake in AptarGroup during the 3rd quarter valued at approximately $36,000. Quarry LP bought a new stake in AptarGroup during the 3rd quarter valued at approximately $46,000. Salomon & Ludwin LLC grew its holdings in AptarGroup by 38.5% in the 4th quarter. Salomon & Ludwin LLC now owns 360 shares of the industrial products company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in AptarGroup in the 3rd quarter valued at approximately $53,000. 88.52% of the stock is owned by institutional investors and hedge funds.
AptarGroup Stock Performance
Shares of NYSE ATR opened at $120.05 on Tuesday. The business has a fifty day simple moving average of $128.04 and a 200 day simple moving average of $126.37. The company has a current ratio of 1.66, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.86 and a beta of 0.42. AptarGroup, Inc. has a one year low of $103.23 and a one year high of $164.28.
AptarGroup Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 6th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 6th. AptarGroup’s payout ratio is 32.88%.
AptarGroup announced that its Board of Directors has approved a stock buyback plan on Thursday, February 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Robert W. Baird set a $156.00 price target on AptarGroup in a report on Monday, February 9th. Zacks Research upgraded shares of AptarGroup from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of AptarGroup from $144.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.
Get Our Latest Analysis on ATR
Insider Transactions at AptarGroup
In related news, EVP Irene Elizabeth Hudson sold 1,264 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $123.43, for a total value of $156,015.52. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gael Touya sold 3,500 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $141.35, for a total transaction of $494,725.00. Following the completion of the transaction, the insider directly owned 27,963 shares of the company’s stock, valued at $3,952,570.05. This trade represents a 11.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.73% of the company’s stock.
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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