AptarGroup, Inc. (NYSE:ATR) Shares Sold by California State Teachers Retirement System

Posted by Defense World Staff on Aug 18th, 2023

California State Teachers Retirement System cut its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,983 shares of the industrial products company’s stock after selling 1,263 shares during the quarter. California State Teachers Retirement System owned about 0.13% of AptarGroup worth $10,162,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ATR. Morgan Stanley increased its stake in AptarGroup by 866.4% in the fourth quarter. Morgan Stanley now owns 3,913,980 shares of the industrial products company’s stock valued at $430,460,000 after purchasing an additional 3,508,965 shares during the period. Norges Bank purchased a new stake in shares of AptarGroup in the fourth quarter valued at about $59,104,000. Thrivent Financial for Lutherans boosted its holdings in shares of AptarGroup by 156.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 608,333 shares of the industrial products company’s stock valued at $66,904,000 after acquiring an additional 370,769 shares in the last quarter. Nuance Investments LLC boosted its holdings in shares of AptarGroup by 44.3% in the fourth quarter. Nuance Investments LLC now owns 961,672 shares of the industrial products company’s stock valued at $105,765,000 after acquiring an additional 295,307 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of AptarGroup by 8.9% in the first quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock valued at $339,946,000 after acquiring an additional 237,377 shares in the last quarter. 89.40% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Up 0.1 %

ATR stock opened at $121.64 on Friday. The company has a market cap of $7.98 billion, a P/E ratio of 32.35, a P/E/G ratio of 3.85 and a beta of 0.63. AptarGroup, Inc. has a 52 week low of $90.23 and a 52 week high of $126.99. The company’s 50-day moving average price is $117.97 and its 200 day moving average price is $116.76. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43.

AptarGroup (NYSE:ATR – Get Free Report) last announced its quarterly earnings results on Friday, July 28th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $898.89 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts expect that AptarGroup, Inc. will post 4.53 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, July 27th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, July 26th. This is an increase from AptarGroup’s previous quarterly dividend of $0.38. AptarGroup’s dividend payout ratio is 43.62%.

Analysts Set New Price Targets

ATR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AptarGroup from $130.00 to $134.00 in a report on Monday, May 1st. StockNews.com initiated coverage on shares of AptarGroup in a report on Thursday. They issued a “buy” rating on the stock. Robert W. Baird lifted their target price on shares of AptarGroup from $115.00 to $125.00 in a report on Monday, May 1st. Finally, Bank of America lowered their target price 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’s stock. According to data from MarketBeat.com, AptarGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.83.

Read Our Latest Stock Report on AptarGroup

Insider Buying and Selling at AptarGroup

In other AptarGroup news, Director George L. Fotiades sold 7,940 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $122.01, for a total value of $968,759.40. Following the sale, the director now owns 4,962 shares of the company’s stock, valued at $605,413.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $174,432.80. Following the completion of the transaction, the executive vice president now owns 7,199 shares of the company’s stock, valued at $884,325.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George L. Fotiades sold 7,940 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $122.01, for a total transaction of $968,759.40. Following the completion of the transaction, the director now directly owns 4,962 shares of the company’s stock, valued at approximately $605,413.62. The disclosure for this sale can be found here. Insiders have sold 22,360 shares of company stock valued at $2,722,742 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Company Profile

(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.