Broderick Brian C Cuts Position in AptarGroup, Inc. $ATR

Key Points

• Broderick Brian C reduced its stake in AptarGroup by 3.8%, now holding 85,266 shares valued at approximately $13.34 million, making it their 14th largest position.
• AptarGroup recently announced a quarterly dividend of $0.48, marking an increase from the previous dividend of $0.45, with an ex-dividend date set for October 23rd.
• Wall Street analysts maintain a consensus rating of "Buy" for AptarGroup, with a target price averaging $182.00, and some analysts have issued an "overweight" rating.

Broderick Brian C lowered its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,266 shares of the industrial products company's stock after selling 3,396 shares during the quarter. AptarGroup accounts for about 2.6% of Broderick Brian C's holdings, making the stock its 14th biggest position. Broderick Brian C owned about 0.13% of AptarGroup worth $13,338,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Simplex Trading LLC lifted its stake in shares of AptarGroup by 107.4% in 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. SVB Wealth LLC acquired a new stake in shares of AptarGroup during the 1st quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AptarGroup by 281.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the industrial products company's stock worth $47,000 after acquiring an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of AptarGroup by 164.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 331 shares of the industrial products company's stock worth $52,000 after acquiring an additional 206 shares during the period. Finally, UMB Bank n.a. increased its stake in AptarGroup by 116.9% in the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 325 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATR has been the topic of a number of research analyst reports. KeyCorp initiated coverage on AptarGroup in a research report on Wednesday, September 3rd. They set an "overweight" rating and a $220.00 target price on the stock. Wells Fargo & Company cut their price target on AptarGroup from $153.00 to $152.00 and set an "overweight" rating for the company in a research note on Wednesday, September 10th. Weiss Ratings reissued a "buy (b-)" rating on shares of AptarGroup in a research note on Saturday, September 27th. Finally, Raymond James Financial restated an "outperform" rating and set a $172.00 target price (down from $182.00) on shares of AptarGroup in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $182.00.

Insiders Place Their Bets

In related news, insider Shiela Vinczeller sold 1,167 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $137.97, for a total value of $161,010.99. Following the completion of the transaction, the insider directly owned 25,134 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, insider Gael Touya sold 2,500 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $136.12, for a total value of $340,300.00. Following the transaction, the insider owned 31,463 shares in the company, valued at $4,282,743.56. This trade represents a 7.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

AptarGroup Trading Down 1.0%

AptarGroup stock opened at $130.50 on Wednesday. The stock has a 50-day moving average price of $137.66 and a 200 day moving average price of $147.21. AptarGroup, Inc. has a 52 week low of $129.81 and a 52 week high of $178.03. The stock has a market cap of $8.60 billion, a PE ratio of 22.46, a P/E/G ratio of 2.72 and a beta of 0.55. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

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

AptarGroup Increases Dividend

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

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