1,500 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. bought a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,500 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in ATR. Congress Asset Management Co. bought a new position in AptarGroup during the 3rd quarter worth approximately $108,239,000. Victory Capital Management Inc. increased its position in shares of AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after buying an additional 479,193 shares during the period. FMR LLC raised its stake in AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after buying an additional 214,097 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in AptarGroup by 88.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 230,775 shares of the industrial products company’s stock valued at $36,968,000 after buying an additional 108,175 shares during the period. Finally, Geode Capital Management LLC boosted its position in AptarGroup by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Insider Activity

In other news, EVP Kimberly Chainey sold 964 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the sale, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

NYSE ATR opened at $142.36 on Wednesday. The company has a market cap of $9.47 billion, a P/E ratio of 25.70, a PEG ratio of 2.57 and a beta of 0.59. The company has a fifty day simple moving average of $159.28 and a 200 day simple moving average of $159.06. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 12-month low of $134.57 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.62%. Sell-side analysts predict that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Analyst Ratings Changes

ATR has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday. Raymond James reiterated an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research note on Monday. Wells Fargo & Company dropped their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday. Finally, Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $181.60.

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.