AptarGroup, Inc. (NYSE:ATR) Shares Acquired by AE Wealth Management LLC

Posted by Defense World Staff on Sep 23rd, 2023

AE Wealth Management LLC grew its position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 31.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,081 shares of the industrial products company’s stock after purchasing an additional 5,081 shares during the quarter. AE Wealth Management LLC’s holdings in AptarGroup were worth $2,442,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of AptarGroup during the 1st quarter valued at approximately $27,000. Janiczek Wealth Management LLC purchased a new position in shares of AptarGroup during the 1st quarter valued at approximately $30,000. 1832 Asset Management L.P. purchased a new position in shares of AptarGroup during the 1st quarter valued at approximately $30,000. Machina Capital S.A.S. purchased a new position in shares of AptarGroup during the 1st quarter valued at approximately $31,000. Finally, Belpointe Asset Management LLC increased its holdings in shares of AptarGroup by 60.3% during the 1st quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 132 shares in the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shiela Vinczeller sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $121.08, for a total transaction of $242,160.00. Following the transaction, the insider now owns 20,467 shares of the company’s stock, valued at approximately $2,478,144.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other AptarGroup news, insider Shiela Vinczeller sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $121.08, for a total value of $242,160.00. Following the transaction, the insider now owns 20,467 shares of the company’s stock, valued at $2,478,144.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimberly Chainey sold 1,420 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 7,199 shares in the company, valued at approximately $884,325.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,849 shares of company stock valued at $4,317,425. 1.00% of the stock is currently owned by insiders.

AptarGroup Price Performance

AptarGroup stock opened at $122.70 on Friday. AptarGroup, Inc. has a 52-week low of $90.23 and a 52-week high of $133.79. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 3.92 and a beta of 0.61. The company has a fifty day simple moving average of $123.98 and a 200-day simple moving average of $118.99. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.43.

AptarGroup (NYSE:ATR – Get Free Report) last released its 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. The business had revenue of $895.91 million during the quarter, compared to analyst estimates of $898.89 million. AptarGroup had a net margin of 7.41% and a return on equity of 13.04%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts anticipate that AptarGroup, Inc. will post 4.55 EPS for the current fiscal year.

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, July 27th were given a dividend of $0.41 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $1.64 annualized dividend and a dividend yield of 1.34%. AptarGroup’s payout ratio is presently 43.62%.

Wall Street Analyst Weigh In

ATR has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of AptarGroup from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Monday, September 11th. Bank of America cut their price target on shares of AptarGroup from $152.00 to $149.00 in a report on Monday, July 10th. Finally, StockNews.com assumed coverage on shares of AptarGroup in a report on Thursday, August 17th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.17.

View Our Latest Analysis on ATR

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.