AptarGroup, Inc. $ATR Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in AptarGroup, Inc. by 5.4% in Q2 2023, holding approximately 0.09% of the company valued at $9.79 million.
• Analysts have mixed opinions on AptarGroup, with price targets ranging from $152.00 to $220.00, and a consensus rating of "Moderate Buy" with a target price of $175.40.
• AptarGroup has announced an increase in its quarterly dividend to $0.48 per share, representing a boost from the previous $0.45, with a dividend yield of 1.5%.

TD Asset Management Inc grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 5.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 62,583 shares of the industrial products company's stock after acquiring an additional 3,234 shares during the quarter. TD Asset Management Inc owned about 0.09% of AptarGroup worth $9,790,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Moran Wealth Management LLC boosted its position in AptarGroup by 3.6% during the 2nd quarter. Moran Wealth Management LLC now owns 24,494 shares of the industrial products company's stock worth $3,832,000 after acquiring an additional 854 shares during the period. Delaney Dennis R lifted its holdings in shares of AptarGroup by 1.3% in the second quarter. Delaney Dennis R now owns 47,369 shares of the industrial products company's stock valued at $7,410,000 after buying an additional 595 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of AptarGroup in the second quarter valued at $390,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of AptarGroup by 22.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,974 shares of the industrial products company's stock valued at $935,000 after buying an additional 1,091 shares during the period. Finally, Lindenwold Advisors INC acquired a new stake in shares of AptarGroup in the second quarter valued at $447,000. Institutional investors and hedge funds own 88.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. KeyCorp assumed coverage on AptarGroup in a report on Wednesday, September 3rd. They issued an "overweight" rating and a $220.00 price objective for the company. Wells Fargo & Company cut their price objective on AptarGroup from $153.00 to $152.00 and set an "overweight" rating for the company in a report on Wednesday, September 10th. Weiss Ratings lowered AptarGroup from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Finally, Raymond James Financial restated an "outperform" rating and issued a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, AptarGroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.40.

Insiders Place Their Bets

In related news, insider Gael Touya sold 2,500 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $136.12, for a total transaction of $340,300.00. Following the transaction, the insider directly owned 31,463 shares of the company's stock, valued at approximately $4,282,743.56. The trade was a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shiela Vinczeller sold 1,167 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $137.97, for a total value of $161,010.99. Following the transaction, the insider directly owned 25,134 shares in the company, valued at $3,467,737.98. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

AptarGroup Stock Up 0.1%

Shares of AptarGroup stock opened at $129.32 on Friday. The stock's fifty day moving average is $135.36 and its 200-day moving average is $146.18. The firm has a market capitalization of $8.52 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. AptarGroup, Inc. has a 12-month low of $127.85 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The company had revenue of $966.01 million for the quarter, compared to analyst estimates of $954.06 million. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%.AptarGroup's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. AptarGroup has set its Q3 2025 guidance at 1.530-1.610 EPS. Equities analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 23rd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from AptarGroup's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, October 23rd. AptarGroup's payout ratio is presently 30.98%.

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.

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