Synovus Financial Corp Makes New $1.10 Million Investment in AptarGroup, Inc. $ATR

Key Points

• Synovus Financial Corp has made a new investment of approximately $1.10 million in AptarGroup, acquiring 7,439 shares in the company.
• AptarGroup reported better-than-expected quarterly earnings, with an EPS of $1.66, surpassing the consensus estimate of $1.58, and a revenue of $966.01 million, reflecting a year-over-year increase of 6.1%.
• The company declared a quarterly dividend of $0.45, which represents an annualized dividend yield of 1.3% and a payout ratio of 30.98%.

Synovus Financial Corp purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,439 shares of the industrial products company's stock, valued at approximately $1,104,000.

A number of other hedge funds also recently bought and sold shares of the business. Utah Retirement Systems boosted its position in AptarGroup by 0.9% during the fourth quarter. Utah Retirement Systems now owns 10,981 shares of the industrial products company's stock worth $1,725,000 after purchasing an additional 100 shares in the last quarter. Nia Impact Advisors LLC boosted its position in AptarGroup by 1.0% during the fourth quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company's stock worth $1,522,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in AptarGroup by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the industrial products company's stock worth $2,760,000 after purchasing an additional 100 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in AptarGroup by 1.3% during the first quarter. Koshinski Asset Management Inc. now owns 7,818 shares of the industrial products company's stock worth $1,160,000 after purchasing an additional 104 shares in the last quarter. Finally, Simplex Trading LLC raised its holdings in shares of AptarGroup by 107.4% during 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. Hedge funds and other institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

NYSE:ATR opened at $139.52 on Thursday. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a market cap of $9.19 billion, a PE ratio of 24.01, a P/E/G ratio of 2.89 and a beta of 0.57. The stock has a 50 day moving average price of $150.69 and a 200 day moving average price of $149.51.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results 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. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%.The firm had revenue of $966.01 million during the quarter, compared to analysts' expectations of $954.06 million. During the same quarter last year, the firm earned $1.41 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. AptarGroup has set its Q3 2025 guidance at 1.530-1.610 EPS. Equities research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 1,671 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the completion of the sale, the executive vice president owned 11,088 shares of the company's stock, valued at $1,694,135.52. This trade represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gael Touya sold 3,300 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $152.62, for a total value 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 position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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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