Jupiter Asset Management Ltd. Has $22.34 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Key Points

• Jupiter Asset Management Ltd. increased its stake in AptarGroup, Inc. by 3.2%, owning a total of 150,533 shares valued at approximately $22.34 million as of the end of the most recent quarter.
• AptarGroup's stock recently saw an analyst price target increase from Wells Fargo, now set at $173.00, with a majority of analysts recommending a "Buy" rating.
• The company announced a quarterly dividend of $0.45 per share, representing an annual yield of 1.3% and a dividend payout ratio of 30.98%.

Jupiter Asset Management Ltd. lifted its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,533 shares of the industrial products company's stock after purchasing an additional 4,609 shares during the quarter. Jupiter Asset Management Ltd. owned 0.23% of AptarGroup worth $22,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC boosted its position in shares of AptarGroup by 7.0% during the first quarter. Natixis Advisors LLC now owns 129,527 shares of the industrial products company's stock worth $19,219,000 after purchasing an additional 8,432 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of AptarGroup during the first quarter worth $216,000. XTX Topco Ltd boosted its position in shares of AptarGroup by 27.1% during the first quarter. XTX Topco Ltd now owns 6,755 shares of the industrial products company's stock worth $1,002,000 after purchasing an additional 1,442 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of AptarGroup by 4.8% during the first quarter. Federated Hermes Inc. now owns 756,352 shares of the industrial products company's stock worth $112,228,000 after purchasing an additional 34,567 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of AptarGroup by 284.5% during the first quarter. Mackenzie Financial Corp now owns 74,064 shares of the industrial products company's stock worth $10,990,000 after purchasing an additional 54,804 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

AptarGroup Stock Down 0.4%

ATR traded down $0.60 during trading on Wednesday, hitting $139.63. The company had a trading volume of 30,522 shares, compared to its average volume of 372,125. The company has a market capitalization of $9.20 billion, a PE ratio of 24.04, a PEG ratio of 2.78 and a beta of 0.57. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The firm's 50-day moving average price is $155.05 and its 200 day moving average price is $151.35. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The business 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 was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 EPS. As a group, equities analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 24th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $1.80 annualized dividend and a yield of 1.3%. AptarGroup's payout ratio is 30.98%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Gael Touya sold 3,300 shares of the business's stock in a transaction dated Friday, June 6th. The shares were 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 $5,183,433.06. The trade was a 8.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Xiangwei Gong sold 7,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the sale, the insider directly owned 10,265 shares in the company, valued at $1,606,369.85. This trade represents a 40.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,585 shares of company stock valued at $2,418,028. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

ATR has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $153.00 price target (down from $173.00) on shares of AptarGroup in a research report on Monday. Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $172.00 price objective (down from $182.00) on shares of AptarGroup in a research report on Monday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of "Buy" and a consensus price target of $174.60.

AptarGroup Profile

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.