Principal Financial Group Inc. increased its stake in AptarGroup, Inc. (NYSE:ATR) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 191,638 shares of the industrial products company’s stock after purchasing an additional 214 shares during the period. Principal Financial Group Inc.’s holdings in AptarGroup were worth $26,233,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ATR. JJJ Advisors Inc. lifted its position in AptarGroup by 1,077.8% during the 4th quarter. JJJ Advisors Inc. now owns 212 shares of the industrial products company’s stock worth $29,000 after buying an additional 194 shares in the last quarter. Huntington National Bank raised its holdings in shares of AptarGroup by 268.2% in the 4th quarter. Huntington National Bank now owns 243 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 177 shares during the period. Whittier Trust Co. raised its holdings in shares of AptarGroup by 170.0% in the 4th quarter. Whittier Trust Co. now owns 270 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 170 shares during the period. Captrust Financial Advisors grew its stake in AptarGroup by 18.8% in the 4th quarter. Captrust Financial Advisors now owns 443 shares of the industrial products company’s stock valued at $61,000 after buying an additional 70 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in shares of AptarGroup during the 4th quarter worth approximately $76,000. 87.04% of the stock is owned by hedge funds and other institutional investors.
Shares of ATR stock opened at $143.59 on Thursday. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 45.58, a P/E/G ratio of 4.82 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.69. AptarGroup, Inc. has a 52 week low of $99.11 and a 52 week high of $145.99. The firm’s 50-day simple moving average is $138.25 and its two-hundred day simple moving average is $130.47.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 17th. Stockholders of record on Wednesday, January 27th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Tuesday, January 26th. AptarGroup’s dividend payout ratio (DPR) is currently 36.46%.
A number of research analysts recently weighed in on ATR shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of AptarGroup from $127.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, January 20th. Wells Fargo & Company raised their price target on shares of AptarGroup from $135.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 11th. Finally, Morgan Stanley raised their price target on shares of AptarGroup from $122.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $143.00.
In other news, Director Joanne C. Dr Smith sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $132.05, for a total value of $132,050.00. Following the sale, the director now directly owns 16,658 shares of the company’s stock, valued at approximately $2,199,688.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Kuhn sold 30,000 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $141.85, for a total transaction of $4,255,500.00. Following the sale, the chief financial officer now directly owns 88,216 shares in the company, valued at $12,513,439.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,348 shares of company stock valued at $5,272,715. 1.70% of the stock is owned by corporate insiders.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.
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