Pacer Advisors Inc. lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,187 shares of the industrial products company’s stock after buying an additional 2,451 shares during the quarter. Pacer Advisors Inc.’s holdings in AptarGroup were worth $2,390,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of AptarGroup by 0.6% during the 3rd quarter. BlackRock Inc. now owns 5,355,039 shares of the industrial products company’s stock worth $576,952,000 after buying an additional 32,146 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of AptarGroup by 6.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,763,570 shares of the industrial products company’s stock worth $297,747,000 after buying an additional 174,391 shares in the last quarter. FMR LLC grew its position in shares of AptarGroup by 50.8% during the 3rd quarter. FMR LLC now owns 1,040,954 shares of the industrial products company’s stock worth $112,154,000 after buying an additional 350,558 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of AptarGroup by 6.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,022,903 shares of the industrial products company’s stock worth $110,209,000 after buying an additional 65,083 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of AptarGroup by 2.9% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 950,521 shares of the industrial products company’s stock worth $88,760,000 after buying an additional 26,859 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ATR opened at $100.34 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.87 and a quick ratio of 1.34. The firm has a market cap of $6.30 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.01 and a beta of 0.80. AptarGroup, Inc. has a 1-year low of $79.97 and a 1-year high of $112.31.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, October 30th. AptarGroup’s dividend payout ratio (DPR) is currently 39.53%.
Separately, Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.13.
In related news, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $104.92, for a total transaction of $2,623,000.00. Following the completion of the sale, the director now directly owns 110,105 shares in the company, valued at approximately $11,552,216.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.40% of the company’s stock.
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AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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