AE Wealth Management LLC Has $30.83 Million Stake in AptarGroup, Inc. $ATR

AE Wealth Management LLC boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 21.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,631 shares of the industrial products company’s stock after acquiring an additional 40,731 shares during the period. AE Wealth Management LLC owned 0.35% of AptarGroup worth $30,826,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ATR. Norges Bank bought a new stake in AptarGroup during the 2nd quarter worth approximately $118,182,000. AQR Capital Management LLC lifted its stake in AptarGroup by 136.0% during the 2nd quarter. AQR Capital Management LLC now owns 405,066 shares of the industrial products company’s stock valued at $62,769,000 after acquiring an additional 233,445 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in AptarGroup by 183.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 327,607 shares of the industrial products company’s stock worth $51,248,000 after acquiring an additional 212,184 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of AptarGroup by 16.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,400,757 shares of the industrial products company’s stock worth $219,120,000 after acquiring an additional 197,214 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of AptarGroup by 16.4% in the third quarter. Boston Trust Walden Corp now owns 1,234,354 shares of the industrial products company’s stock valued at $164,984,000 after purchasing an additional 174,084 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Daniel Ackerman sold 15,000 shares of AptarGroup stock in a transaction on Friday, December 12th. The stock was sold at an average price of $121.23, for a total value of $1,818,450.00. Following the transaction, the chief accounting officer owned 29,607 shares in the company, valued at approximately $3,589,256.61. This trade represents a 33.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by corporate insiders.

AptarGroup Stock Performance

NYSE:ATR opened at $123.74 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $8.12 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 4.43 and a beta of 0.49. The firm has a 50-day moving average price of $122.69 and a two-hundred day moving average price of $131.10. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $164.28.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.05. AptarGroup had a return on equity of 15.32% and a net margin of 11.45%.The business had revenue of $961.13 million for the quarter, compared to analyst estimates of $950.55 million. During the same quarter last year, the company earned $1.49 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 4th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, February 4th. AptarGroup’s dividend payout ratio (DPR) is 30.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AptarGroup in a research note on Monday, December 29th. KeyCorp reiterated an “overweight” rating and set a $220.00 price target on shares of AptarGroup in a research report on Friday, January 9th. William Blair cut AptarGroup from an “outperform” rating to a “market perform” rating in a report on Monday, November 3rd. Zacks Research downgraded AptarGroup from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Finally, Robert W. Baird reduced their price target on AptarGroup from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $167.50.

AptarGroup Company Profile

AptarGroup, Inc is a global provider of advanced dispensing, sealing and protection solutions for consumer and pharmaceutical markets. The company designs and manufactures a broad portfolio of products that enable the controlled delivery of liquids, gels, powders and aerosols. Its customer base spans beauty and personal care, home care, food and beverage, and pharmaceutical sectors, where innovation in packaging and drug‐delivery devices drives brand differentiation and regulatory compliance.

In the consumer markets, AptarGroup offers pumps, actuators, valves, closures and specialized bottles engineered for precision, convenience and sustainability.