AptarGroup, Inc. $ATR Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. has reduced its stake in AptarGroup by 12.6%, now holding approximately 512,531 shares valued at $80.2 million as of the latest SEC filing.
• AptarGroup recently reported earnings of $1.66 per share, exceeding analysts' expectations, with revenue growing 6.1% year-over-year to $966.01 million.
• The company's quarterly dividend has increased to $0.48 per share, reflecting a 6.67% rise from the previous dividend, with a yield of about 1.5%.

Congress Asset Management Co. decreased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 12.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 512,531 shares of the industrial products company's stock after selling 73,907 shares during the period. Congress Asset Management Co. owned approximately 0.78% of AptarGroup worth $80,175,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SVB Wealth LLC purchased a new position in AptarGroup in the 1st quarter worth approximately $33,000. Simplex Trading LLC raised its stake in shares of AptarGroup by 107.4% during the first 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 period. MassMutual Private Wealth & Trust FSB lifted its position in shares of AptarGroup by 155.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AptarGroup by 281.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 234 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in AptarGroup by 164.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 331 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 206 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ATR shares. Wells Fargo & Company cut their price objective on shares of AptarGroup from $153.00 to $152.00 and set an "overweight" rating on the stock in a report on Wednesday, September 10th. KeyCorp initiated coverage on AptarGroup in a report on Wednesday, September 3rd. They issued an "overweight" rating and a $220.00 price target for the company. Finally, Raymond James Financial restated an "outperform" rating and set a $172.00 price objective (down previously 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, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of "Buy" and a consensus price target of $182.00.

AptarGroup Price Performance

Shares of NYSE ATR opened at $130.92 on Friday. AptarGroup, Inc. has a twelve month low of $130.27 and a twelve month high of $178.03. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57. The business has a 50 day simple moving average of $141.89 and a 200-day simple moving average of $147.96.

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

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 23rd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, October 23rd. 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. AptarGroup's payout ratio is currently 30.98%.

Insider Activity

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

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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