Panagora Asset Management Inc. Has $42.57 Million Stock 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. lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James Financial reiterated an "outperform" rating and set a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $153.00 price target (down from $173.00) on shares of AptarGroup in a research report on Monday, August 4th. Finally, KeyCorp assumed coverage on shares of AptarGroup in a report on Wednesday. They issued an "overweight" rating and a $220.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, AptarGroup has a consensus rating of "Buy" and a consensus target price of $182.17.

Insider Buying and Selling

In other news, EVP Kimberly Chainey sold 1,671 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total value of $255,312.09. Following the completion of the transaction, the executive vice president owned 11,088 shares of the company's stock, valued at approximately $1,694,135.52. This represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company's stock.

AptarGroup Price Performance

ATR traded down $0.52 during trading on Friday, hitting $137.95. 183,419 shares of the stock traded hands, compared to its average volume of 384,373. The business has a 50 day moving average price of $148.89 and a 200 day moving average price of $149.28. 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, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.79 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results 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. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%.The company had revenue of $966.01 million for the quarter, compared to analyst estimates of $954.06 million. During the same quarter last year, the company posted $1.41 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. AptarGroup has set its Q3 2025 guidance at 1.530-1.610 EPS. Equities research analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

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

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.