Bank of New York Mellon Corp Purchases New Holdings in AptarGroup, Inc. $ATR

Key Points

• Bank of New York Mellon acquired 477,462 AptarGroup shares worth approximately $59.8 million, while institutional investors collectively own 88.52% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $172.80 versus the stock’s reported price of $135.17.
• AptarGroup exceeded quarterly expectations with $1.42 in EPS and $1.03 billion in revenue, while maintaining a quarterly dividend of $0.48 per share, equivalent to a 1.4% yield.

Bank of New York Mellon Corp purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 477,462 shares of the industrial products company's stock, valued at approximately $59,778,000. Bank of New York Mellon Corp owned approximately 0.75% of AptarGroup at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. River Road Asset Management LLC acquired a new position in AptarGroup in the fourth quarter valued at about $111,919,000. Norges Bank acquired a new stake in AptarGroup during the fourth quarter worth about $91,097,000. Dimensional Fund Advisors LP increased its holdings in AptarGroup by 35.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,300,801 shares of the industrial products company's stock valued at $158,649,000 after buying an additional 341,440 shares during the period. AQR Capital Management LLC increased its holdings in AptarGroup by 57.1% in the 4th quarter. AQR Capital Management LLC now owns 843,595 shares of the industrial products company's stock valued at $102,885,000 after buying an additional 306,662 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of AptarGroup by 562.8% in the 1st quarter. Quantinno Capital Management LP now owns 348,929 shares of the industrial products company's stock valued at $43,972,000 after buying an additional 296,282 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America raised shares of AptarGroup from a "neutral" rating to a "buy" rating and set a $173.00 price target for the company in a report on Tuesday, July 14th. Raymond James Financial reissued an "outperform" rating and issued a $160.00 price objective on shares of AptarGroup in a research note on Wednesday, July 15th. Zacks Research upgraded shares of AptarGroup from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Wells Fargo & Company upped their target price on AptarGroup from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of AptarGroup in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $172.80.

AptarGroup Stock Up 0.3%

ATR stock opened at $135.17 on Thursday. The stock has a market capitalization of $8.59 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 3.44 and a beta of 0.39. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. AptarGroup, Inc. has a 12 month low of $103.23 and a 12 month high of $146.91. The firm has a 50-day moving average price of $130.13 and a 200-day moving average price of $127.86.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.07. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.01 billion. AptarGroup had a net margin of 9.22% and a return on equity of 13.31%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. AptarGroup has set its Q3 2026 guidance at 1.450-1.530 EPS. As a group, equities research analysts anticipate that AptarGroup, Inc. will post 5.48 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. AptarGroup's dividend payout ratio is 34.72%.

Insider Transactions at AptarGroup

In other news, insider Shiela Vinczeller sold 3,555 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $112.61, for a total value of $400,328.55. Following the completion of the transaction, the insider directly owned 27,078 shares in the company, valued at approximately $3,049,253.58. This represents a 11.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 8,854 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total value of $1,195,290.00. Following the sale, the insider directly owned 15,379 shares in the company, valued at approximately $2,076,165. This trade represents a 36.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,247 shares of company stock worth $2,935,161. Corporate insiders own 0.73% of the company's stock.

AptarGroup Company Profile

AptarGroup, Inc is a global provider of advanced dispensing, sealing and protection solutions for consumer and pharmaceutical markets. The company designs and manufactures a broad portfolio of products that enable the controlled delivery of liquids, gels, powders and aerosols. Its customer base spans beauty and personal care, home care, food and beverage, and pharmaceutical sectors, where innovation in packaging and drug‐delivery devices drives brand differentiation and regulatory compliance.

In the consumer markets, AptarGroup offers pumps, actuators, valves, closures and specialized bottles engineered for precision, convenience and sustainability.

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