Truist Financial Corp increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 7.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,165 shares of the industrial products company’s stock after purchasing an additional 1,578 shares during the quarter. Truist Financial Corp’s holdings in AptarGroup were worth $3,467,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ATR. Banque Transatlantique SA acquired a new stake in AptarGroup during the 1st quarter worth approximately $41,728,000. Victory Capital Management Inc. grew its position in AptarGroup by 12.6% in the first quarter. Victory Capital Management Inc. now owns 2,219,191 shares of the industrial products company’s stock valued at $329,284,000 after acquiring an additional 247,519 shares in the last quarter. Fiduciary Management Inc. WI grew its position in AptarGroup by 40.8% in the first quarter. Fiduciary Management Inc. WI now owns 767,636 shares of the industrial products company’s stock valued at $113,902,000 after acquiring an additional 222,577 shares in the last quarter. Nuveen LLC acquired a new stake in AptarGroup in the first quarter valued at approximately $21,549,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in AptarGroup in the first quarter valued at approximately $20,082,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
AptarGroup Stock Performance
ATR stock opened at $131.57 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.69 and a beta of 0.55. AptarGroup, Inc. has a 1 year low of $129.81 and a 1 year high of $178.03. The stock’s fifty day moving average is $137.15 and its two-hundred day moving average is $147.10.
AptarGroup Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 23rd will be given a $0.48 dividend. The ex-dividend date is Thursday, October 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.5%. This is a boost from AptarGroup’s previous quarterly dividend of $0.45. AptarGroup’s payout ratio is currently 30.98%.
Insider Transactions at AptarGroup
In related news, insider Gael Touya sold 2,500 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $136.12, for a total value of $340,300.00. Following the completion of the transaction, the insider owned 31,463 shares in the company, valued at $4,282,743.56. This represents a 7.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shiela Vinczeller sold 1,167 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $137.97, for a total transaction of $161,010.99. Following the completion of the transaction, the insider owned 25,134 shares of the company’s stock, valued at $3,467,737.98. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on ATR shares. Weiss Ratings downgraded shares of AptarGroup from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and issued a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. Wells Fargo & Company lowered their price objective 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 initiated coverage on shares of AptarGroup in a research report on Wednesday, September 3rd. They issued an “overweight” rating and a $220.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.00.
View Our Latest Stock Analysis on AptarGroup
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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