Panagora Asset Management Inc. Increases Holdings in AptarGroup, Inc. $ATR

Key Points

• Panagora Asset Management Inc. increased its stake in AptarGroup, Inc. by 16.4%, owning approximately 0.43% of the company, valued at $42.57 million.
• AptarGroup reported earnings of $1.66 per share for the last quarter, exceeding estimates of $1.58, with revenue rising 6.1% year-over-year.
• The company recently declared a $0.45 quarterly dividend, reflecting an annualized dividend yield of 1.3%.

Panagora Asset Management Inc. increased its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 286,914 shares of the industrial products company's stock after buying an additional 40,520 shares during the quarter. Panagora Asset Management Inc. owned about 0.43% of AptarGroup worth $42,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Simplex Trading LLC boosted its position in AptarGroup by 107.4% in the first quarter. Simplex Trading LLC now owns 224 shares of the industrial products company's stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Stifel Financial Corp grew its stake in AptarGroup by 172.7% during the fourth quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company's stock valued at $1,880,000 after acquiring an additional 7,575 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of AptarGroup by 18.2% in the first quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the industrial products company's stock worth $335,000 after buying an additional 348 shares in the last quarter. UMB Bank n.a. boosted its position in shares of AptarGroup by 116.9% during the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock valued at $89,000 after acquiring an additional 325 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of AptarGroup by 10.4% in the 1st quarter. LPL Financial LLC now owns 47,234 shares of the industrial products company's stock worth $6,794,000 after buying an additional 4,451 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

Insider Transactions at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $152.62, for a total value of $503,646.00. Following the completion of the sale, the insider owned 33,963 shares of the company's stock, valued at $5,183,433.06. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimberly Chainey sold 1,671 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the sale, the executive vice president owned 11,088 shares in the company, valued at $1,694,135.52. The trade was a 13.10% decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

AptarGroup Stock Down 2.1%

Shares of NYSE:ATR traded down $2.98 during trading hours on Tuesday, hitting $136.29. The company's stock had a trading volume of 310,614 shares, compared to its average volume of 458,936. The firm's fifty day moving average price is $149.60 and its 200 day moving average price is $149.42. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $178.03. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 2.88 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.21 and a quick ratio of 0.83.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 10.84% and a return on equity of 15.39%. AptarGroup's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. AptarGroup has set its Q3 2025 guidance at 1.530-1.610 EPS. As a group, research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 24th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. AptarGroup's dividend payout ratio (DPR) is presently 30.98%.

Analyst Ratings Changes

A number of research analysts have weighed in on ATR shares. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $153.00 target price (down previously from $173.00) on shares of AptarGroup in a research note on Monday, August 4th. Finally, Raymond James Financial reissued an "outperform" rating and set a $172.00 target price (down from $182.00) on shares of AptarGroup in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $174.60.

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.