Truist Financial Corp Acquires 500 Shares of AptarGroup, Inc. (NYSE:ATR)

Truist Financial Corp grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 23,243 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Truist Financial Corp’s holdings in AptarGroup were worth $2,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. C M Bidwell & Associates Ltd. lifted its position in shares of AptarGroup by 1,063.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after buying an additional 319 shares during the last quarter. Adirondack Trust Co. acquired a new stake in AptarGroup in the 3rd quarter worth approximately $50,000. GAMMA Investing LLC bought a new stake in AptarGroup during the fourth quarter worth approximately $61,000. Signaturefd LLC grew its holdings in AptarGroup by 41.8% during the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 206 shares during the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of AptarGroup by 117.7% in the third quarter. Clearstead Advisors LLC now owns 751 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATR. Robert W. Baird upped their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company boosted their price objective on AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th.

AptarGroup Price Performance

Shares of AptarGroup stock opened at $149.77 on Wednesday. The firm has a fifty day moving average price of $141.88 and a two-hundred day moving average price of $133.20. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $150.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The company has a market cap of $9.92 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57.

AptarGroup (NYSE:ATR) last released its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The business had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. During the same period last year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts expect that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.10%. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

Insider Buying and Selling at AptarGroup

In other news, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the transaction, the insider now directly owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Gael Touya sold 3,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the transaction, the insider now directly owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold 45,334 shares of company stock valued at $6,467,171 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

About AptarGroup

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 Aptar Pharma, Aptar Beauty, and Aptar Closures segments.