Royal Bank of Canada Acquires 6,031 Shares of AptarGroup, Inc. $ATR

Key Points

• Royal Bank of Canada increased its stake in AptarGroup, Inc. by 4.8% during the first quarter, now owning approximately 131,284 shares valued at $19.48 million.
• AptarGroup recently announced a dividend increase to $0.48 per share, resulting in an annualized dividend of $1.92 and a dividend yield of 1.4%.
• Analysts have mixed ratings on AptarGroup, with a consensus rating of "Buy" and a price target of $182.17 despite some recent downgrades in target prices.

Royal Bank of Canada lifted its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,284 shares of the industrial products company's stock after purchasing an additional 6,031 shares during the period. Royal Bank of Canada owned 0.20% of AptarGroup worth $19,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ATR. Simplex Trading LLC boosted its position in shares of AptarGroup by 107.4% in the 1st quarter. Simplex Trading LLC now owns 224 shares of the industrial products company's stock worth $33,000 after purchasing an additional 116 shares during the last quarter. SVB Wealth LLC bought a new position in AptarGroup during the first quarter worth about $33,000. MassMutual Private Wealth & Trust FSB lifted its holdings in AptarGroup by 155.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after acquiring an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in AptarGroup by 281.9% during the first 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. Finally, UMB Bank n.a. lifted its holdings in AptarGroup by 116.9% during the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock worth $89,000 after acquiring an additional 325 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Insider Transactions at AptarGroup

In related news, insider Shiela Vinczeller sold 1,167 shares of AptarGroup stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $137.97, for a total value of $161,010.99. Following the sale, the insider owned 25,134 shares of the company's stock, valued at approximately $3,467,737.98. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gael Touya sold 2,500 shares of AptarGroup stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $136.12, for a total value of $340,300.00. Following the completion of the sale, the insider directly owned 31,463 shares in the company, valued at approximately $4,282,743.56. This represents a 7.36% decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

AptarGroup Stock Down 0.3%

Shares of NYSE:ATR traded down $0.44 during midday trading on Monday, reaching $134.79. The company had a trading volume of 298,033 shares, compared to its average volume of 416,543. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $145.75 and its 200 day moving average price is $148.84. The stock has a market cap of $8.88 billion, a PE ratio of 23.20, a P/E/G ratio of 2.79 and a beta of 0.57. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03.

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

AptarGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 23rd will be given a $0.48 dividend. This is an increase from AptarGroup's previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, October 23rd. AptarGroup's dividend payout ratio (DPR) is presently 30.98%.

Analysts Set New Price Targets

Several research analysts have weighed in on ATR shares. Wells Fargo & Company reduced their target price on AptarGroup from $153.00 to $152.00 and set an "overweight" rating on the stock in a report on Wednesday, September 10th. KeyCorp started coverage on AptarGroup in a report on Wednesday, September 3rd. They set an "overweight" rating and a $220.00 target price on the stock. Finally, Raymond James Financial reiterated 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, AptarGroup has a consensus rating of "Buy" and a consensus target price of $182.00.

AptarGroup Company 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.