Legal & General Group Plc Takes $11.27 Million Position in AptarGroup, Inc. $ATR

Key Points

• Legal & General purchased 90,033 AptarGroup shares worth approximately $11.27 million in the second quarter, while institutional investors and hedge funds collectively own 88.52% of the company.
• AptarGroup exceeded quarterly expectations with adjusted EPS of $1.42 versus the $1.35 consensus and revenue of $1.03 billion, up 6.3% year over year. The company guided for third-quarter EPS of $1.45–$1.53.
• The stock carries a “Moderate Buy” consensus rating with an average analyst price target of $172.80, and AptarGroup maintains a quarterly dividend of $0.48 per share, yielding about 1.5%.

Legal & General Group Plc purchased a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 90,033 shares of the industrial products company's stock, valued at approximately $11,272,000. Legal & General Group Plc owned about 0.14% of AptarGroup at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in AptarGroup in the second quarter valued at about $5,669,000. Sone Capital Management LLC purchased a new stake in shares of AptarGroup during the 2nd quarter worth about $11,314,000. D.B. Root & Company LLC acquired a new stake in shares of AptarGroup during the 2nd quarter valued at about $939,000. Atlas FRM LLC bought a new stake in shares of AptarGroup in the 2nd quarter valued at approximately $83,884,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of AptarGroup in the 2nd quarter valued at approximately $4,035,000. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Stock Down 1.0%

Shares of ATR stock opened at $131.71 on Tuesday. The stock's 50 day simple moving average is $130.85 and its 200 day simple moving average is $127.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.61. AptarGroup, Inc. has a twelve month low of $103.23 and a twelve month high of $146.91. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 3.39 and a beta of 0.39.

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

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 30th. AptarGroup's payout ratio is presently 34.72%.

Insider Activity

In related news, insider Hedi Tlili sold 8,854 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $135.00, for a total transaction of $1,195,290.00. Following the completion of the sale, the insider directly owned 15,379 shares of the company's stock, valued at approximately $2,076,165. This represents a 36.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephan B. Tanda sold 9,838 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $136.16, for a total transaction of $1,339,542.08. Following the completion of the transaction, the chief executive officer owned 238,729 shares in the company, valued at $32,505,340.64. The trade was a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,987 shares of company stock valued at $3,435,423 over the last three months. Corporate insiders own 0.73% of the company's stock.

Analyst Upgrades and Downgrades

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

About AptarGroup

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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