AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Posted by Defense World Staff on Aug 16th, 2023

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,160 shares of the industrial products company’s stock after purchasing an additional 1,173 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AptarGroup were worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATR. Janiczek Wealth Management LLC acquired a new stake in shares of AptarGroup during the first quarter valued at about $30,000. Machina Capital S.A.S. acquired a new stake in shares of AptarGroup during the first quarter valued at about $31,000. Parallel Advisors LLC increased its position in shares of AptarGroup by 40.0% during the first quarter. Parallel Advisors LLC now owns 462 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 132 shares during the last quarter. Ellevest Inc. increased its position in shares of AptarGroup by 22.6% during the first quarter. Ellevest Inc. now owns 596 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 110 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of AptarGroup by 113.2% during the fourth quarter. Benjamin Edwards Inc. now owns 678 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 360 shares during the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In other news, EVP Kimberly Chainey sold 1,420 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $122.84, for a total transaction of $174,432.80. Following the completion of the sale, the executive vice president now owns 7,199 shares in the company, valued at approximately $884,325.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shiela Vinczeller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $121.08, for a total value of $242,160.00. Following the completion of the sale, the insider now owns 20,467 shares in the company, valued at approximately $2,478,144.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kimberly Chainey sold 1,420 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $122.84, for a total transaction of $174,432.80. Following the completion of the sale, the executive vice president now owns 7,199 shares of the company’s stock, valued at approximately $884,325.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,360 shares of company stock worth $2,722,742. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATR shares. StockNews.com started coverage on shares of AptarGroup in a research report on Thursday, May 18th. They set a “buy” rating for the company. Robert W. Baird lifted their price objective on shares of AptarGroup from $115.00 to $125.00 in a report on Monday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AptarGroup from $130.00 to $134.00 in a report on Monday, May 1st. Finally, Bank of America dropped their price objective on shares of AptarGroup from $152.00 to $149.00 in a report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.83.

Get Our Latest Stock Report on AptarGroup

AptarGroup Stock Down 0.8 %

Shares of AptarGroup stock opened at $122.00 on Wednesday. AptarGroup, Inc. has a 52-week low of $90.23 and a 52-week high of $126.99. The company has a 50 day moving average of $117.72 and a 200 day moving average of $116.69. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.01 billion, a P/E ratio of 32.45, a P/E/G ratio of 3.95 and a beta of 0.63.

AptarGroup (NYSE:ATR – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. AptarGroup had a net margin of 7.41% and a return on equity of 13.04%. The company had revenue of $895.91 million during the quarter, compared to the consensus estimate of $898.89 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that AptarGroup, Inc. will post 4.43 EPS for the current fiscal year.

AptarGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, July 27th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, July 26th. This is an increase from AptarGroup’s previous quarterly dividend of $0.38. AptarGroup’s payout ratio is currently 43.62%.

About AptarGroup

(Free Report)

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 three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures.