AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Truist Financial Corp

Truist Financial Corp raised its stake in AptarGroup, Inc. (NYSE:ATR) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,243 shares of the industrial products company’s stock after buying an additional 500 shares during the quarter. Truist Financial Corp’s holdings in AptarGroup were worth $2,873,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ATR. Picton Mahoney Asset Management boosted its position in shares of AptarGroup by 9.0% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System grew its stake in shares of AptarGroup by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after buying an additional 100 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of AptarGroup by 4.9% in the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after buying an additional 105 shares during the period. Ballentine Partners LLC lifted its stake in AptarGroup by 4.1% during the 4th quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 111 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its holdings in AptarGroup by 1.6% during the 4th quarter. D.B. Root & Company LLC now owns 8,089 shares of the industrial products company’s stock valued at $1,000,000 after acquiring an additional 130 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $149.77 on Wednesday. The business has a 50-day simple moving average of $141.88 and a 200-day simple moving average of $133.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. AptarGroup, Inc. has a one year low of $111.63 and a one year high of $150.38. The company has a market cap of $9.92 billion, a PE ratio of 32.14, a P/E/G ratio of 3.93 and a beta of 0.57.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The company had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that AptarGroup, Inc. will post 5.34 EPS for the current fiscal year.

AptarGroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATR. William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company raised their price target on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, Robert W. Baird boosted their price target on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th.

Insider Activity at AptarGroup

In other news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the sale, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total value of $672,347.06. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at $1,360,799.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gael Touya sold 3,500 shares of the company’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 sale, the insider now directly owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The disclosure for this sale can be found here. Insiders sold a total of 45,334 shares of company stock valued at $6,467,171 over the last ninety days. Insiders own 1.00% of the company’s stock.

AptarGroup 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.