Geode Capital Management LLC Buys 20,787 Shares of AptarGroup, Inc. (NYSE:ATR)

Posted by Defense World Staff on Jun 8th, 2023

Geode Capital Management LLC raised its stake in AptarGroup, Inc. (NYSE:ATR – Get Rating) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,124,904 shares of the industrial products company’s stock after purchasing an additional 20,787 shares during the quarter. Geode Capital Management LLC owned 1.72% of AptarGroup worth $124,466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its holdings in AptarGroup by 76.3% in the third quarter. Rockefeller Capital Management L.P. now owns 328 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Riverview Trust Co raised its holdings in AptarGroup by 53.1% in the fourth quarter. Riverview Trust Co now owns 375 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 130 shares in the last quarter. Financial Advocates Investment Management bought a new position in AptarGroup in the third quarter worth $58,000. Romano Brothers AND Company bought a new position in AptarGroup in the fourth quarter worth $66,000. Finally, Benjamin Edwards Inc. raised its holdings in AptarGroup by 113.2% in the fourth quarter. Benjamin Edwards Inc. now owns 678 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 360 shares in the last quarter. Institutional investors own 89.37% of the company’s stock.

AptarGroup Trading Up 0.9 %

Shares of NYSE:ATR opened at $115.37 on Thursday. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 3.89 and a beta of 0.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 1.42. The stock’s 50-day simple moving average is $117.96 and its two-hundred day simple moving average is $113.84. AptarGroup, Inc. has a 52-week low of $90.23 and a 52-week high of $122.50.

AptarGroup (NYSE:ATR – Get Rating) last announced its earnings results on Friday, April 28th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $860.07 million for the quarter, compared to analysts’ expectations of $829.92 million. AptarGroup had a return on equity of 12.53% and a net margin of 6.94%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. Analysts expect that AptarGroup, Inc. will post 4.15 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 4th were given a $0.38 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $1.52 annualized dividend and a yield of 1.32%. AptarGroup’s payout ratio is 43.80%.

Insiders Place Their Bets

In other news, insider Marc Prieur sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $119.00, for a total value of $714,000.00. Following the transaction, the insider now owns 25,028 shares of the company’s stock, valued at $2,978,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ATR. Bank of America increased their price objective on AptarGroup from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 20th. StockNews.com started coverage on AptarGroup in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on AptarGroup from $130.00 to $134.00 in a research note on Monday, May 1st. Robert W. Baird increased their target price on AptarGroup from $115.00 to $125.00 in a research note on Monday, May 1st. Finally, Wells Fargo & Company increased their target price on AptarGroup from $121.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

AptarGroup Profile

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AptarGroup, Inc engages in the design, manufacture, drug delivery, consumer product dispensing, sealing and active packaging solutions, and services for the prescription drug, consumer health care, injectable, active packaging, beauty, personal care, home care, and food and beverages industries. It operates through the following segments: Pharma, Beauty and Home, and Food and Beverage.