Reynders McVeigh Capital Management LLC Has $23.37 Million Stock Holdings in AptarGroup, Inc. $ATR

Key Points

• Reynders McVeigh Capital Management cut its AptarGroup stake by 40.6% in the second quarter, selling 127,537 shares. It still held 186,679 shares valued at $23.37 million, representing 1% of its portfolio.
• AptarGroup reported quarterly earnings of $1.42 per share, exceeding the $1.35 consensus estimate, while revenue rose 6.3% year over year to $1.03 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $172.80.
• The company declared a quarterly dividend of $0.48, equivalent to an annualized $1.92 payout and a 1.5% yield. Shares recently traded at $124.66, while company insiders have sold 23,197 shares worth approximately $3.13 million over the past 90 days.

Reynders McVeigh Capital Management LLC cut its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 40.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,679 shares of the industrial products company's stock after selling 127,537 shares during the quarter. AptarGroup makes up 1.0% of Reynders McVeigh Capital Management LLC's portfolio, making the stock its 27th biggest holding. Reynders McVeigh Capital Management LLC owned 0.29% of AptarGroup worth $23,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in shares of AptarGroup by 41.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 298 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 88 shares in the last quarter. State of Wyoming boosted its stake in AptarGroup by 4.5% during the 1st quarter. State of Wyoming now owns 2,252 shares of the industrial products company's stock valued at $284,000 after purchasing an additional 98 shares during the period. IFP Advisors Inc boosted its position in shares of AptarGroup by 47.0% in the fourth quarter. IFP Advisors Inc now owns 369 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 118 shares during the period. Hanson & Doremus Investment Management grew its position in AptarGroup by 0.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 17,632 shares of the industrial products company's stock worth $2,222,000 after purchasing an additional 130 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of AptarGroup by 214.1% in the first quarter. Geneos Wealth Management Inc. now owns 201 shares of the industrial products company's stock valued at $25,000 after buying an additional 137 shares during the period. Institutional investors own 88.52% of the company's stock.

Analysts Set New Price Targets

ATR has been the topic of several research reports. Raymond James Financial restated an "outperform" rating and set a $160.00 price target on shares of AptarGroup in a research note on Wednesday, July 15th. Bank of America upgraded AptarGroup from a "neutral" rating to a "buy" rating and set a $173.00 price objective for the company in a research report on Tuesday, July 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of AptarGroup in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company increased their price objective on AptarGroup from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.80.

AptarGroup Trading Down 0.2%

Shares of NYSE:ATR traded down $0.25 during trading on Tuesday, hitting $124.66. 474,728 shares of the company's stock were exchanged, compared to its average volume of 493,782. The firm has a 50-day moving average price of $131.05 and a two-hundred day moving average price of $126.60. The firm has a market cap of $7.93 billion, a P/E ratio of 22.54, a PEG ratio of 3.19 and a beta of 0.38. AptarGroup, Inc. has a 1-year low of $103.23 and a 1-year high of $146.91. 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 (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.07. AptarGroup had a net margin of 9.22% and a return on equity of 13.31%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period last year, the firm posted $1.66 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. AptarGroup has set its Q3 2026 guidance at 1.450-1.530 EPS. Equities analysts predict that AptarGroup, Inc. will post 5.48 earnings per share for the current year.

AptarGroup Dividend Announcement

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

Insider Buying and Selling at AptarGroup

In other news, CEO Gael Touya sold 3,740 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $133.76, for a total transaction of $500,262.40. Following the transaction, the chief executive officer owned 29,102 shares in the company, valued at approximately $3,892,683.52. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephan B. Tanda sold 9,838 shares of AptarGroup stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $136.16, for a total value of $1,339,542.08. Following the sale, the chief executive officer directly owned 238,729 shares of the company's stock, valued at $32,505,340.64. This represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 23,197 shares of company stock valued at $3,134,828. Corporate insiders own 0.73% of the company's stock.

AptarGroup Profile

AptarGroup, Inc is a global supplier of dispensing, packaging and drug-delivery solutions. The company develops and manufactures pumps, valves, aerosol systems, closures, dispensing devices and other components used to package and deliver products in the pharmaceutical, beauty, personal care, food and beverage markets.

Its pharmaceutical offerings include nasal, respiratory, ophthalmic and dermal drug-delivery systems, as well as components and technologies designed to support the administration of prescription and consumer healthcare products.

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