Creative Planning increased its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 55.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,277 shares of the industrial products company’s stock after purchasing an additional 2,233 shares during the period. Creative Planning’s holdings in AptarGroup were worth $982,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its stake in shares of AptarGroup by 18.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 348 shares in the last quarter. LPL Financial LLC lifted its holdings in AptarGroup by 10.4% in the 1st quarter. LPL Financial LLC now owns 47,234 shares of the industrial products company’s stock worth $6,794,000 after purchasing an additional 4,451 shares during the last quarter. XTX Topco Ltd boosted its position in AptarGroup by 27.1% during the first quarter. XTX Topco Ltd now owns 6,755 shares of the industrial products company’s stock worth $1,002,000 after purchasing an additional 1,442 shares during the period. Natixis Advisors LLC grew its holdings in AptarGroup by 7.0% during the first quarter. Natixis Advisors LLC now owns 129,527 shares of the industrial products company’s stock valued at $19,219,000 after purchasing an additional 8,432 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of AptarGroup by 3.2% in the first quarter. Jupiter Asset Management Ltd. now owns 150,533 shares of the industrial products company’s stock valued at $22,336,000 after purchasing an additional 4,609 shares during the period. 88.52% of the stock is currently owned by institutional investors.
AptarGroup Stock Up 0.8%
ATR stock opened at $124.75 on Monday. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $174.10. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. The company has a market cap of $8.19 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The business’s 50-day simple moving average is $125.60 and its 200 day simple moving average is $140.88.
AptarGroup Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 23rd were paid a $0.48 dividend. The ex-dividend date was Thursday, October 23rd. This is a positive change from AptarGroup’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. AptarGroup’s dividend payout ratio is currently 30.72%.
Analyst Ratings Changes
Several analysts recently issued reports on ATR shares. Zacks Research downgraded shares of AptarGroup from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Robert W. Baird lowered their price target on AptarGroup from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $172.00 price objective (down from $182.00) on shares of AptarGroup in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of AptarGroup in a research note on Tuesday, November 25th. Finally, William Blair downgraded AptarGroup from an “outperform” rating to a “market perform” rating in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.60.
View Our Latest Stock Report on AptarGroup
Insider Buying and Selling at AptarGroup
In other news, insider Shiela Vinczeller sold 1,167 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $137.97, for a total value of $161,010.99. Following the completion of the transaction, the insider owned 25,134 shares in the company, valued at approximately $3,467,737.98. This represents a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gael Touya sold 2,500 shares of AptarGroup stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $136.12, for a total transaction of $340,300.00. Following the sale, the insider owned 31,463 shares in the company, valued at approximately $4,282,743.56. This trade represents a 7.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.68% of the stock is owned by company insiders.
AptarGroup Company Profile
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.
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