145,231 Shares in AptarGroup, Inc. $ATR Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in AptarGroup, purchasing 145,231 shares valued at approximately $21.55 million, representing about 0.22% of the company's stock.
• AptarGroup's recent earnings report showed an EPS of $1.66, exceeding analysts' expectations, with revenue increasing by 6.1% year-over-year to $966.01 million.
• The company declared a quarterly dividend of $0.45, translating to an annual yield of 1.3% with a payout ratio of 30.98%.

Nuveen LLC purchased a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 145,231 shares of the industrial products company's stock, valued at approximately $21,549,000. Nuveen LLC owned approximately 0.22% of AptarGroup at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Entropy Technologies LP increased its stake in shares of AptarGroup by 93.2% in the 1st quarter. Entropy Technologies LP now owns 6,410 shares of the industrial products company's stock worth $951,000 after acquiring an additional 3,093 shares in the last quarter. Invesco Ltd. grew its position in AptarGroup by 5.8% during the 1st quarter. Invesco Ltd. now owns 212,122 shares of the industrial products company's stock valued at $31,475,000 after purchasing an additional 11,551 shares during the last quarter. Simplex Trading LLC grew its position in AptarGroup by 107.4% during the 1st quarter. Simplex Trading LLC now owns 224 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 116 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in AptarGroup during the 1st quarter valued at about $2,325,000. Finally, Flagship Wealth Advisors LLC grew its position in AptarGroup by 100.0% during the 1st quarter. Flagship Wealth Advisors LLC now owns 2,200 shares of the industrial products company's stock valued at $326,000 after purchasing an additional 1,100 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

Insider Transactions at AptarGroup

In other news, insider Xiangwei Gong sold 7,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total value of $1,095,430.00. Following the transaction, the insider owned 10,265 shares in the company, valued at $1,606,369.85. This represents a 40.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimberly Chainey sold 1,671 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the completion of the transaction, the executive vice president owned 11,088 shares in the company, valued at $1,694,135.52. This trade represents a 13.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,971 shares of company stock worth $1,854,388 in the last quarter. Company insiders own 0.68% of the company's stock.

AptarGroup Stock Performance

Shares of NYSE ATR opened at $138.04 on Tuesday. The firm's 50-day moving average price is $152.27 and its 200-day moving average price is $150.13. 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 $9.09 billion, a PE ratio of 23.76, a PEG ratio of 2.87 and a beta of 0.57. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. The firm had revenue of $966.01 million for the quarter, compared to the consensus estimate of $954.06 million. AptarGroup had a net margin of 10.84% and a return on equity of 15.39%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. As a group, analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, July 24th. AptarGroup's dividend payout ratio is 30.98%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company reissued an "overweight" rating and set a $153.00 price objective (down from $173.00) on shares of AptarGroup in a research report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and set a $172.00 price objective (down from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $174.60.

About AptarGroup

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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