Truist Financial Corp Sells 6,545 Shares of AptarGroup, Inc. (NYSE:ATR)

Truist Financial Corp cut its stake in AptarGroup, Inc. (NYSE:ATR – Get Rating) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,386 shares of the industrial products company’s stock after selling 6,545 shares during the period. Truist Financial Corp’s holdings in AptarGroup were worth $2,698,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in AptarGroup by 3.3% in the 2nd quarter. State Street Corp now owns 2,988,190 shares of the industrial products company’s stock valued at $308,411,000 after purchasing an additional 95,033 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of AptarGroup by 25.9% during the 2nd quarter. Victory Capital Management Inc. now owns 2,312,128 shares of the industrial products company’s stock worth $238,635,000 after acquiring an additional 475,626 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of AptarGroup by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 1,242,035 shares of the industrial products company’s stock worth $118,030,000 after acquiring an additional 4,427 shares during the period. Nuance Investments LLC lifted its holdings in shares of AptarGroup by 71.5% during the 2nd quarter. Nuance Investments LLC now owns 661,496 shares of the industrial products company’s stock worth $68,273,000 after acquiring an additional 275,680 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of AptarGroup by 1.9% during the 1st quarter. Bank of America Corp DE now owns 418,751 shares of the industrial products company’s stock worth $49,204,000 after acquiring an additional 7,785 shares during the period. 89.37% of the stock is owned by institutional investors.

AptarGroup Trading Up 0.4 %

Shares of ATR stock opened at $113.97 on Friday. AptarGroup, Inc. has a 12-month low of $90.23 and a 12-month high of $122.94. The company has a market capitalization of $7.44 billion, a P/E ratio of 32.20, a P/E/G ratio of 4.37 and a beta of 0.62. The firm has a 50-day moving average price of $107.66 and a 200 day moving average price of $104.08. The company has a quick ratio of 1.04, a current ratio of 1.56 and a debt-to-equity ratio of 0.54.

AptarGroup (NYSE:ATR – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $836.90 million during the quarter, compared to analysts’ expectations of $838.49 million. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. Research analysts forecast that AptarGroup, Inc. will post 3.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATR has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of AptarGroup from $109.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, January 9th. Bank of America reduced their price objective on shares of AptarGroup from $123.00 to $112.00 in a report on Thursday, October 13th. Morgan Stanley reduced their price objective on shares of AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 18th. BMO Capital Markets assumed coverage on shares of AptarGroup in a report on Monday, October 31st. They set a “buy” rating and a $135.00 price target for the company. Finally, StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Sunday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $118.83.

Insider Buying and Selling at AptarGroup

In related news, Director Matthew L. Trerotola acquired 3,170 shares of the stock in a transaction on Thursday, November 3rd. The stock was purchased at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the transaction, the director now owns 4,378 shares of the company’s stock, valued at approximately $413,633.44. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

About AptarGroup

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AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.