Corebridge Financial Inc. Has $10.90 Million Holdings in AptarGroup, Inc. $ATR

Key Points

• Corebridge Financial Inc. reduced its stake in AptarGroup, Inc. by 2.5%, now holding approximately $10.90 million worth of shares.
• AptarGroup's recent quarterly earnings exceeded analysts' estimates, reporting $1.66 EPS and a revenue of $966.01 million, marking a 6.1% year-over-year increase.
• The company recently announced a $0.45 quarterly dividend, which represents an annualized dividend yield of 1.3%.

Corebridge Financial Inc. cut its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,443 shares of the industrial products company's stock after selling 1,849 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of AptarGroup worth $10,897,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Simplex Trading LLC lifted its stake in 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 acquiring an additional 116 shares during the last quarter. SVB Wealth LLC bought a new stake in AptarGroup in the 1st quarter valued at $33,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 234 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of AptarGroup during the 4th quarter worth approximately $75,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $152.62, for a total transaction of $503,646.00. Following the sale, the insider directly owned 33,963 shares of the company's stock, valued at approximately $5,183,433.06. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kimberly Chainey sold 1,671 shares of the company's stock in a transaction that occurred on 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 directly owned 11,088 shares of the company's stock, valued at $1,694,135.52. This represents a 13.10% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

AptarGroup Stock Up 0.2%

ATR stock opened at $139.79 on Wednesday. The firm has a 50-day moving average price of $150.89 and a 200-day moving average price of $149.58. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 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 stock has a market capitalization of $9.21 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The business had revenue of $966.01 million during 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 quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. AptarGroup has set its Q3 2025 guidance at 1.530-1.610 EPS. As a group, equities research analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

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

Analyst Ratings Changes

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

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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